Russia and Iraq talk about future oil deals

Apr 23, 1998 02:00 AM

Russian and Iraqi officials recently held a series of talks in Moscow to negotiate future oil deals between the two countries, a Russian deputy minister said.
No projects can move forward until the United Nations lifts comprehensive sanctions on Iraq, imposed after its 1990 invasion of Kuwait.
Still, the talks with an Iraqi Oil Ministry delegation focused on possible joint development of the Western Kurna, Northwestern Rumeila and Suba oil fields in Iraq, said Russia's acting deputy Fuel Minister Pyotr Nidzelsky.
Other subjects included the establishment of a joint drilling enterprise, the construction of a trans-Iraqi gas pipeline and the sales of Russian oil and gas industry equipment to Iraq, he said.
"The implementation of joint projects in Iraq may begin only after the economic embargo is lifted from that country," Nidzelsky said. " The preparatory work discussed in Moscow fully meets the requirements of the sanctions."
Russia, eager to implement its large-scale oil andother agreements with Iraq, has pressed for the gradual lifting of sanctions. Moscow also hopes that Iraq will be able to repay billions of dollars in Soviet-era debts once the sanctions are lifted.

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