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Novak: Russian operations remain unaffected by Kurdistan referendum

Russia will continue to work with the Kurdistan Region and will maintain its operations.

Novak: Russian operations remain unaffected by Kurdistan referendum


Russia will continue to work with Kurdistan and will maintain its operations, mainly in the energy sector, in the region, said the Russian Energy Minister said on October 3, 2017.

 

Alexander Novak, while answering a Kurdistan 24 correspondent’s question at a press conference in Moscow, indicated that Russia had no intention to scale back its investments and operations in Kurdistan.

 

When asked if the September 25 independence referendum would affect Russia’s relationship with the Kurdish area, Novak replied it would not.

«Russian gas companies are operating and will continue to operate in the region.»

 

Russia was the only major power not to call on the Kurdistan region to cancel its referendum.

In the lead-up to the vote, state-owned Rosneft announced it would invest in gas pipelines in the region.

 

Earlier this summer, the Kurdistan Regional Government (KRG) and Rosneft signed a series of long-term agreements to widen cooperation in the Kurdistan Region’s oil sector, including exploration and production of hydrocarbons, commerce, and logistics.

 

Rosneft's spokesman had then described its understandings with the KRG as «a strategic investment in one of the most strategically developing regions.»

According to the industry sources, Rosneft’s deals since it 1st arrived in Kurdistan last December are worth around $4 billion in total.

 

Source : Neftegaz.RU


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