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Russian state-owned oil giant Rosneft (Rosneft) has signed an agreement to help Iraq's Kurdish region develop its natural gas reserves and build a natural gas pipeline, which will expand
Rosneft's dominance in Iraq's semi-autonomous region's energy sector.
Gazprom said that as part of its plan to establish an integrated gas business value chain in the Kurdistan region, Gazprom will pre-feed (front-end engineering and design)
a gas pipeline in the Kurdistan region.
Gazprom said it will focus on third-party project financing for partners and gas projects in the Kurdistan region
.
Rosneft has agreed over the past two years to invest billions of dollars in oil projects in the Kurdistan region, including control of oil pipelines
in the region.
The pipeline gives Rosneft access to the region's critical infrastructure that transports most of the region's oil through Turkish territory to global markets
.
As Russian President Vladimir Putin seeks to expand his influence in the Middle East, the deal makes the Kremlin-controlled company the region's biggest investor, turning Erbil, traditionally a strong U.
S.
ally, into a key partner
for Moscow.
Russian state-owned oil giant Rosneft (Rosneft) has signed an agreement to help Iraq's Kurdish region develop its natural gas reserves and build a natural gas pipeline, which will expand
Rosneft's dominance in Iraq's semi-autonomous region's energy sector.
Gazprom said that as part of its plan to establish an integrated gas business value chain in the Kurdistan region, Gazprom will pre-feed (front-end engineering and design)
a gas pipeline in the Kurdistan region.
Gazprom said it will focus on third-party project financing for partners and gas projects in the Kurdistan region
.
Rosneft has agreed over the past two years to invest billions of dollars in oil projects in the Kurdistan region, including control of oil pipelines
in the region.
The pipeline gives Rosneft access to the region's critical infrastructure that transports most of the region's oil through Turkish territory to global markets
.
As Russian President Vladimir Putin seeks to expand his influence in the Middle East, the deal makes the Kremlin-controlled company the region's biggest investor, turning Erbil, traditionally a strong U.
S.
ally, into a key partner
for Moscow.
