Iraq Signs Oil Deal With Russian Led Group
From The Seattle Times
BAGHDAD — Iraq’s Oil Ministry says it has finalized a deal with a consortium led by Russian oil giant Bashneft to search for oil in the country’s south.
Ministry spokesman Assem Jihad says Bashneft and its UK partner Premier will explore the 8,000-square-kilometer (3,100-square-mile) Block 12 , shared by the provinces of Muthana and Najaf. They will be paid US$5 for each barrel of oil equivalent.
