Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Rosneft Oil Giant Discovers New Oilfield in Iraq


Russia’s state-owned Rosneft oil giant has announced the discovery of a new oilfield in Iraq over a year after it began drilling in the unexplored region.

Rosneft said it planned to test five prospective sites when it began exploratory drilling some 350 kilometers south of Baghdad in February 2017.

The new oilfield, called Salman, will serve as an important step toward expanding the company’s operations outside Russia, Rosneft said in a press release Wednesday.

Rosneft has struck a number of deals in Iraqi Kurdistan in the past year, including the purchase of a majority stake in the region’s key oil pipeline that runs to Turkey and a deal to purchase oil until 2019.

Rosneft, run by President Vladimir Putin’s ally Igor Sechin, is a major investor in Iraqi Kurdistan and controls its oil pipelines.

Reuters contributed reporting to this article.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more