Activists in Berlin stage picket condemning Obama’s foreign policyWorld January 19, 21:17
Russian regulator promises to respond to any US restrictions of RT channelRussian Politics & Diplomacy January 19, 21:09
FIFA: Over 82,400 ticket requests applied globally for 2017 Confederations Cup in RussiaSport January 19, 20:17
Russia stands for developing legal tool to fight cyber hooliganismRussian Politics & Diplomacy January 19, 20:00
Russia is developing advanced hypersonic weapons — ministryMilitary & Defense January 19, 19:50
Former USSR leader receives Lithuanian court’s summons as witness in case over 1991 eventsWorld January 19, 19:29
FIDE chief says he plans to seek US entry after President-elect Trump’s inaugurationSport January 19, 18:56
Russian economy minister: Results of 2016 demonstrated adjustment to cheap oil, sanctionsBusiness & Economy January 19, 18:44
Russia ready to welcome Trump at economic forum in St. Petersburg — first deputy PMBusiness & Economy January 19, 18:29
MOSCOW, June 7 (Itar-Tass) - Russia’s oil producer Gazprom Neft plans to invest around $1 billion into the Garmian and Shakal blocks located in the south of Iraqi Kurdistan in 2013-2015, the company’s first deputy CEO, Vadim Yakovlev, told reporters on Friday.
Geological surveys and drilling works at these blocks will last for two years.
“As concerns the Halabja project that we joined this year, investments will reach $162 million until 2017,” he said.
According to earlier reports, in 2012 Gazprom Neft signed two production-sharing agreements with the Kurdistan Regional Government on the Garmian and Shakal blocks. At present, the company conducts geological evaluations at these blocks. The two blocks’ oil reserves are estimated at 1.5 billion tonnes.
In early 2013 Gazprom Neft received an 80 percent stake in the Halabja block in Kurdistan under the production-sharing agreement. Other shares belong to the Kurdistan Government. The oil reserves at the block located 30 kilometers of Garmian are estimated at 90 million tonnes.