Russia's oil major reveals oil price per barrel that will suit everyoneBusiness & Economy February 27, 16:09
Russia’s defense ministry confirms dispatch of advanced frigate to Mediterranean SeaMilitary & Defense February 27, 15:41
Russian diplomat: West-brokered resolution on chemical weapons in Syria 'unacceptable'Russian Politics & Diplomacy February 27, 15:30
Russia’s 2017 budget deficit may be below forecast — finance ministerBusiness & Economy February 27, 15:24
Kremlin urges US to study attack on OSCE mission in UkraineRussian Politics & Diplomacy February 27, 15:16
Medvedev calls for steps to plug Russia’s 'brain drain'Business & Economy February 27, 15:04
Erdogan’s adviser admits success of al-Bab operation impossible without RussiaWorld February 27, 14:56
PM Medvedev stresses Russia braved crisis, decline in GDP haltedBusiness & Economy February 27, 14:44
Russian diplomat believes war on terror inseparable from political processRussian Politics & Diplomacy February 27, 13:49
ST. PETERSBURG, June 16. /TASS/. Gazprom Neft plans to boost oil production at the Badra field in Iraq to 115,000 barrels daily, First Deputy Chief Executive Officer of the company Vadim Yakovlev said on Thursday at the St. Petersburg International Economic Forum (SPIEF).
"115,000 barrels daily with an option of upward increase; we will reach approximately this level in the next year," Yakovlev said. Production may further grow to 170,000 barrels per day. Badra oil production is now equal to 65,000 barrels daily.
It was reported earlier Gazprom Neft plans to fully compensate its Badra project costs in 2018.
The Badra field is located in the Wasit province in East Iraq. Badra’s geological reserves are estimated at 3 bln barrels of oil. The oilfield development project is designed for 20 years with an optional 5-year extension. Commercial production on the oilfield started in 2014.