Gazprom Neft will continue to produce Oil in Iraq
The situation in Iraq worsened at the end of last year, when the US Air Force launched an air raid on the Shiite camp Al-Hashd al-Shaabi in the city of Al Qa'im near the border with Syria, which led to the death of 27 militias. In response, Shiite activists stormed the US embassy in Baghdad on December 31. Since then, anti-American protests have intensified in the country. Against this background, the American oil company Chevron reported the evacuation of employees from Iraq.
The fourth Gazprom Neft project in Iraq is the development of the Badra field, located in the province of Wassit in eastern Iraq. According to preliminary estimates, Badra’s geological reserves are 3 billion barrels of oil. Gazprom Neft is the project operator and owns a 30% stake. Commercial mining of raw materials on Badra began in August 2014.