Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Gazprom Neft Busy in Iraq

Gazprom Neft will start trading oil this year in Iraq, where it is developing the Badra field.

Trading volumes may reach 2.5 million tons a year, or 50,200 barrels a day, deputy chief executive Vadim Yakovlev said late last week.

Gazprom Neft and Korea Gas won the rights to develop the Badra oil field, with investment of at least $2 billion, in December 2009. Gazprom Neft is considering bidding for two blocks that are part of Iraq's fourth round of auctions, Yakovlev said.

(Bloomberg)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.