Tatneft, Zarubezhneft looking into potential joint projects in Iraq - Maganov
KAZAN/MOSCOW. July 1 (Interfax) - Tatneft and Zarubezhneft are so far only studying the possibilities of implementing potential joint projects in Iraq, Tatneft head Nail Maganov told Interfax.
"As of today, the usual collection of information and exchange of initiatives is ongoing," Maganov said.
The press service for the president of Tatarstan said earlier that in February 2021, Tatneft and Zarubezhneft had signed a memorandum of understanding and the parties did not rule out the possibility of jointly implementing projects in Iraq and the autonomous Kurdistan region, as well as in countries of the Middle East and North Africa.
In spring, an Iraqi delegation headed by Minister of Oil of the Republic of Iraq Ihsan Abdeljabbar Ismael paid a working visit to Tatneft. At the meeting, the company presented its expertise in the oilfield service sphere to the Iraqi side, including in terms of well drilling and geological exploration, as well as design and construction of oil refining and petrochemicals facilities and supplies of tire products.
Tatneft and Zarubezhneft are not carrying out any projects in Iraq at the moment, but both countries have always been interested in this region. Russian oil companies currently working in Iraq are Lukoil , Gazprom Neft , and Bashneft , a division of Rosneft .
