Russian Giant announces production of 1.8 million tons of oil in an Iraqi field in months

Category: Economy

Date: 2019-08-15T13:11:53+0000

Shafaq News/ Iraq's Badra oilfield has produced 1.8 million tons of oil since the beginning of 2019, Gazprom Naft, the oil production arm of Russian gas giant Gazprom said on Thursday.

Gazprom owns a 30 percent stake in the project that it operates. The Iraqi Oil Exploration Company controls 25 percent while South Korea's Kogas owns 22.5 percent, Malaysia's Petronas on the other hand owns 15 percent and Turkey's Tabao owns 7.5 percent.