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March 29
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Russian oil and natural gas companies plan to work together with Iraq, the economic adviser of the Russian embassy in Iraq told RIA Novosti.

"Despite the difficult military and political situation in the country, our oil and gas companies fully fulfill the contractual terms before Iraqi partners and develop plans to develop long-term relations," said Ilya Lobov.

According to him, Moscow hopes that in the near future it will be possible to make a transition to the commercial phase of appropriation of the prospective Block 10 project.

"The situation is the same with Bashneft, which develops Block 12. Exploration of hydrocarbon minerals will be completed soon, our oil producers have also started preparing a declaration for the transition to the phase of industrial oil industry," added Lobov.

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