Russian oil firm gets UN permission to drill oil wells in Iraq

Published March 25th, 2001 - 02:00 GMT

The Russian oil company Tatneft has secured permission from the United Nations to drill oil wells on Iraqi territory, ITAR-TASS reported. 

 

Tatneft can drill as many as 33 wells in Iraq, which would meet the terms of a contract signed with Iraq's Northern Oil Company, Tatneft's deputy director Khamit Kaveyev said. 

 

Tatneft has also been commissioned to drill 44 wells in Iraq, by the contract mediated by Russia's Zarubezhneft oil company, Kaveyev added. 

 

In addition, Tatneft would supply Iraq with oil drilling equipment and other technical aid, in the framework of the UN's Oil-for-Food project. 

 

In 1997, Russia's biggest oil company Lukoil and two other Russian firms, Zarubezhneft and Mashinoimport, signed an accord with Iraq's oil ministry on developing Iraq's West Qurna oil field. 

 

However, Lukoil has been able to carry out only a limited amount of work in Iraq so far. Iraq threatened earlier this month to terminate contracts signed with Russian and Chinese oil firms to develop the country's southern oil fields that had not been fulfilled.—AFP. 

©--Agence France Presse 2001. 

 

© 2001 Mena Report (www.menareport.com)

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