The Future of Iraq’s Oil Is Russian

By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

With ongoing protests making other investors nervous, Moscow is charging ahead.

Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.

Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.

His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.

In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.

Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.

Click here to read the full story.

See also:

China, Not Iran, Is the Power to Watch in Iraq

The Future of Iraq’s Oil Is Russian

By Vera Mironova and Mohammed Hussein, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.

With ongoing protests making other investors nervous, Moscow is charging ahead.

Despite ongoing protests in Baghdad, which have seen the departure of many foreign diplomats for security concerns, Russia has doubled down.

Not only has its embassy stayed open in the recent weeks of turmoil, but its foreign minister, Sergei Lavrov (pictured), also paid a visit last month, first touring Baghdad and then Erbil.

His tour did not look like a regular diplomatic mission. There were no official agreements signed; politics, Syria, and terrorism seemed like an afterthought; and diplomats were in the minority during the week’s events.

In fact, the majority of the participants were businesspeople, including representatives of such Russian oil and gas companies as Gazprom Neft, Rosneft, Soyuzneftegaz, and Lukoil.

Also in attendance were representatives of Technopromexport, a Russian company that builds energy facilities, and from Russia’s Federal Service of Military-Technical Cooperation.

Click here to read the full story.

See also:

China, Not Iran, Is the Power to Watch in Iraq

PM receives the Putin’s Special Envoy to MEA

By John Lee.
Prime Minister Adil Abd Al-Mahdi has received the Russian President’s Special Envoy to the Middle East and Africa, the Deputy Foreign Minister of Russia and his accompanying delegation, Mr. Mikhail Bogdanov, who conveyed the greetings of the Russian President and the Russian Prime Minister to His Excellency, renewing the support of the Russian leadership for the Iraqi government and expressing the desire to develop relations between the two countries in all fields.

His Excellency Prime Minister expressed his pride in the relations between the two countries and peoples, commending Russia’s support for Iraq, confirming Iraq’s keenness to expand relations of cooperation in the economic, investment fields and the development of oil and gas fields.

His Excellency praised the Russian role and its balanced relations, which contribute to strengthening security and stability efforts in the region.

They discussed the holding of the next session of the Iraqi-Russian Joint Governmental Committee and the developments in the region.

The meeting was attended by Mr. Yixi Solomatin, Vice President of the Middle East and North Africa Department of the Ministry of Foreign Affairs, Mr. Yuri Shafranik, President of the Russian Federation of Oil and Gas Producers, Mr. Guse Gochetel, Director General of Soyuz Naft Gas, and Maxime Maximov, Russian Ambassador to Iraq.

Also, the meeting attended by Iraqi Oil Minister Thamer Ghadhban, Deputy Foreign Minister, Mr. Nizar Al-Khairallah, the Iraqi Ambassador in Moscow Mr. Haider al-Athari, and a number of advisers.

(Source: Media Office of the Prime Minister)

Russia want More Projects with Iraq

By John Lee.

Russian Foreign Minister Sergey Lavrov has said that Moscow is very interested in increasing trade, economic and investment ties with Iraq.

Following a meeting on Wednesday with Iraqi Foreign Minister Mohamed Ali Alhakim, he said:

In the field of investment, especially in the hydrocarbon sector, there is a very good result. Lukoil, Gazprom Neft, SoyuzNefteGaz are already working, Rosneft is interested in projects in Iraq. The total investment in this industry has already exceeded $ 10 billion.

“We want to promote projects in other areas. Today we talked about electricity, agriculture, industry, transport – all this will be considered in the context of preparations for the next meeting of the Russian-Iraqi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.

He added that about 4 thousand Iraqi citizens are currently studying in universities of the Russian Federation, while dozens of diplomats from Iraq take part in special training courses at the Diplomatic Academy at the Russian Foreign Ministry.

(Source: Russian Ministry of Foreign Affairs)