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Russian Companies Eye Further Investment in Iraq

Following successful investments of Lukoil and Gazprom, Russian companies are eyeing more deals in Iraq according to Russian Ambassador to Iraq Maksim Maksimov,

Russian Ambassador to Iraq Maksim Maksimov, has revealed that Russian companies are eyeing further investments in Iraq.

Speaking in independent Iraqi newspaper al-Mashriq, Maksimov advised that Russian investments in Iraq's oil and gas sector exceed 10 billion USD and that "the Russian companies intend not to stop at this investment volume." 

Russian majors Lukoil and Gazprom are leading the way in Iraq with major investments at the West Qurna 2 and Badra oil fields respectively.

Source: Xinhua


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