Gazprom Left CEO, Alexander Dyukov has told reporters Iraq has not asked them to cut oil production in conjunction with the OPEC deal agreed upon early in December, “we have not received any recommendations from the ministry to production. Earlier the Oil Ministry recommended the company to cut the number of drill rigs, instead of 7 there will be 4, that is why we will reach the maximum production in 2017 but in 2018, which is 115,000 barrels per day.”
In actual fact, Russia’s Gazprom Neft has announced they plan on increasing oil output by 33% by 2025 and the company is currently involved in four projects, three of those are in Kurdistan.
Gazprom Neft currently owns shares in the Halabja, Shakal and Garmian blocks. 80% of the Halabja and Shakal blocks is owned by Gazprom, while the rest is held by the Kurdistan Regional Government (KRG).