Iraq Business News: Gazprom Denies Freezing Kurdistan Contracts

Iraq Business News All the latest business news from Iraq

Gazprom Denies Freezing Kurdistan Contracts Oct 11th 2012, 02:21 By John Lee. Both Russia’s Gazprom Neft and the Kurdistan Regional Government have denied that the company has frozen projects in Iraqi Kurdistan. “Gazprom Neft is still working on these projects. The company keeps its interest in Kurdistan,” a Gazprom Neft source told Reuters. A spokesman for the KRG said Gazprom had informed the KRG on Wednesday that it remains committed to its contract in the Kurdistan region. This follows a report from International Oil Daily, citing Iraqi Oil Minister Abdul-Kareem Luaibi  [Elaibi] as saying Baghdad had received a letter from Gazprom, in which the company said it had frozen its contract with Kurdistan. Gazprom management will travel to Kurdistan before the end of the year to discuss oil development in the province. (Sources: Reuters, Bloomberg)

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