“The total investment of Russian companies in the development of Iraqi oil fields has exceeded $ 10 billion”

Nikolay Shulginov and Minister of Foreign Affairs of the Republic of Iraq Fuad Hussein discussed the prospects for the development of cooperation in the field of energy.

“As a result of many years of cooperation between Russia and Iraq, the total volume of investments of Russian companies in the development of Iraqi oil fields exceeded $ 10 billion,” Nikolai Shulginov said.

During the meeting, the parties discussed current and potential energy projects of Russian companies in Iraq, in particular, interaction in the oil and gas sector, modernization of power facilities.

Russia and Iraq are fruitfully cooperating on international platforms as well.

“The work under the OPEC + Declaration on Cooperation plays an important role. I would like to thank the Iraqi side for constructive work within the OPEC + framework and for efforts to stabilize the oil market. Taking into account the active participation of the Iraqi side, we will continue to build a constructive dialogue, ”Nikolai Shulginov emphasized.