Less than a minute
89 words
4 views
Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border, Rosneft’s First Vice President, Eric Maurice Liron, said on Thursday. Rosneft has signed several agreements with Kurdistan dating back from 2017 and 2018 to cooperate in exploration, production, infrastructure development, logistics, and trading of oil and gas in Kurdistan. Rosneft has Production Sharing Agreements (PSAs) on five production…