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Gazprom Neft given ultimatum by Iraq over KRG deals
- Iraq: Tuesday, November 13 - 2012 at 01:57
Russia's fifth largest oil producer Gazprom Neft has been warned by the Iraqi government to quit oil deals with the country's autonomous Kurdistan region, or pull out of its contract for the Badra oil field, Reuters has reported. "Iraq sent a letter to Gazprom at the end of October asking the company for an official reply [and stating] that it should cancel deals signed with the KRG or pull out completely from Badra oil field," said Faisal Abdullah, the spokesman for deputy prime minister for energy, Hussain Shahristani. In August, Gazprom Neft, the oil arm of gas monopoly Gazprom, acquired interests in two blocks with the Kurdistan Regional Government, following moves by rivals like ExxonMobil and Total that angered the Iraqi central government in Baghdad.
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