Russia’s Big Bet On Kurdish Oil

In June 2017, Kurdistan Regional Government (KRG) and Russian
energy behemoth Rosneft signed several cooperation, investment and
production sharing agreements regarding hydrocarbon exploration,
production, infrastructure, logistics and trading. Rosneft also
obtained access to Kurdistan’s oil pipeline to Turkey with a
capacity of 700,000 bbl/day, and is planning to extend this to over
1 million bbl/day, although no timeline has been given. Earlier in
2017, Rosneft’s Swiss-based trading arm Rosneft Trading S.A. agreed
to buy crude oil…

In June 2017, Kurdistan Regional Government (KRG) and Russian
energy behemoth Rosneft signed several cooperation, investment and
production sharing agreements regarding hydrocarbon exploration,
production, infrastructure, logistics and trading. Rosneft also
obtained access to Kurdistan’s oil pipeline to Turkey with a
capacity of 700,000 bbl/day, and is planning to extend this to over
1 million bbl/day, although no timeline has been given. Earlier in
2017, Rosneft’s Swiss-based trading arm Rosneft Trading S.A. agreed
to buy crude oil…