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Rosneft To Begin Oil Operation In Dohuk

Russian oil major to work on three oil fields in the province

Rosneft have sent a delegation of workers to Dohuk, with oil operations at three oil fields in the province due to begin next month. The firm will be operating in Batle, Zawita and Amedi with plans to extract up to 180,000 barrels of oil per day.

The agreement which was signed between the Russian oil major and the KRG in October 2017, consisted of a $400m payment to the KRG in return for an 80% stake in five oil blocks with estimated reserves of 670 million barrels of oil.

In total the Kurdistan region is producing nearly 350,000 barrels of oil per day across Sulaimani, Erbil and Dohuk, with just under 270,000 barrels exported and the remainder used for internal consumption. Dohuk itself produces 185,000 barrels per day.

Other oil companies operating in Dohuk include ExxonMobil, DNO, Golfkiston, Kar and HKN. The Iraqi government seized control of half of the Kurdistan regions oil production in October last year by occupying the Bai Hassan and Avana oilfields following the KRG independence referendum.

Source: Rudaw


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