Turmoil in Iraq may force foreign oil coys to suspend activities – Russian diplomat

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Turmoil in Iraq may force foreign oil coys to suspend activities – Russian diplomat

 

Russian Ambassador to Baghdad Maksim Maksimov has expressed the belief that foreign companies involved in oil and gas projects in Iraq are at serious risk of having their operations suspended due to the tensions in the country.

Maksimov made this known in an interview with Sputnik.

“There are currently serious risks for a partial or complete suspension of the activities of major foreign economic operators involved in the implementation of large-scale projects for the exploration, development, and production of hydrocarbons in key oil and gas fields of Iraq as general contractors or subcontractors,” Maksimov said.

 Maksimov noted that the Russian embassy held regular meetings on security issues with representatives of Lukoil, Gazprom Neft, Bashneft, and other Russian companies working in Iraq.

“We comprehensively monitor the situation around our facilities and send relevant…



Source: News Agency of Nigeria