Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Iraq Inks Deal With Bashneft

BAGHDAD — Iraq's Oil Ministry said it had finalized a deal with a consortium led by oil company Bashneft to search for oil in the country's south.

Ministry spokesman Assem Jihad said Bashneft and its British partner, Premier, will explore the 8,000-square-kilometer Block 12, shared by the provinces of Muthana and Najaf. They will be paid $5 for each barrel of oil equivalent.

The contract is one of four deals Iraq awarded in its latest bidding round to hunt for oil and gas.

(AP)

Related articles:

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.