Source Pravda.Ru

Tatneft expects $1bn in losses in Iraq - 24 March, 2003 - News

The Russian oil company Tatneft is expected to suffer about $1bn in lost revenue from contracts in Iraq, the company's press service reported to RBC referring to Khamit Kaveet, Deputy General Director of the Tatneft foreign economic division. At the beginning of March 2003, Tatneft's staff (26 people) left Iraq. They had been working under a contract with Zarubezhneft and were to drill 45 wells at fields of the Iraqi North Oil Company. This contract as well as Tatneft's contract for drilling 33 well was officially approved by the UN Security Council.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Russia to counter Boeing's Х37В with top secret MiG-41 project
Russia to counter Boeing's Х37В with top secret MiG-41 project
The Sham called Democracy
The horror story called Brazil: Murder and destruction
The Sham called Democracy
Pilot shares his impressions after flying Su-57 fifth-generation fighter
The Sham called Democracy
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Pilot shares his impressions after flying Su-57 fifth-generation fighter
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Default more likely to hit American, rather than Russian economy