Husayn al-Shahristani, Iraq 's oil minister said that Russian companies which worked for years in the Iraqi energy industry until the U.S.-led invasion would get no special treatment as earlier oil and gas contracts are reviewed and renegotiated.
Speaking before a meeting Thursday with Russia's energy minister Viktor Khristenko, Husayn al-Shahristani suggested that their experience working to tap Iraq's oil wealth might give them an edge.
He referred to leading oil producer OAO Lukoil, which had an agreement with Saddam Hussein's government to drill at the giant West Qurna field.
"Bearing in mind that Russia has developed the field before, it may have a certain advantage and make a more competitive bid than others," al-Shahristani was quoted as saying by the Interfax news agency. "However, it depends on Lukoil - whether it offers the best terms to Iraq or not."
The Lukoil press department confirmed that al-Shahristani met for more than two hours with the company's president Vagit Alekperov, who returned to Moscow from holiday specially for the meeting. "They discussed joint projects, in particular West Qurna-2," the press department said. No further details of the meeting were provided.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America