1 Sep 2021 14:14

Iraq wants to discuss debt of Russian oil and gas cos

VLADIVOSTOK. Sept 1 (Interfax) - Iraq wants to discuss with Russia the debt of Russian oil and gas companies, a source familiar with the minutes from a meeting of the Russia-Iraq commission for trade, economic, scientific and technical cooperation that was held at the end of August told Interfax.

The countries agreed to include this issue in the agenda of the inter-ministerial commission, the next meeting of which they plan to hold in September-October 2021, the source said. This refers to debt to North Oil Company (NOC).

At the meeting, they also plan to discuss the implementation of Lukoil's West Qurna 2 and Block 10 projects, and Gazprom Neft's Badra project.

There are plans to expand the commission's mandate in order to resolve all the problematic issues concerning activities in Iraq conducted by Gazprom Neft, Lukoil and other interested Russian companies implementing or planning energy projects in the country.