Gazprom Oil (the oil production arm of Russian gas giant Gazprom) said on Friday it was considering an offer to expand its activities in the Kurdistan Region of Iraq, a step similar to that taken by Russia’s Rosneft in the region.
Gazprom currently operates in three oil projects in Kurdistan, Iraq, where it is involved mainly in exploration. In Iraq, outside Kurdistan, Gazprom operates in the oil field of Badra, which produces 77 thousand barrels per day.
Medium-sized companies like Jinl have led oil production in Iraqi Kurdistan in recent years. Large companies such as ExxonMobil and Chevron are still exploring and abandoning some concession areas after disappointing research.
“We are looking at the possibility of increasing our exposure (to Iraqi Kurdistan),” Vadim Yakovlev, Gazprom’s chief executive officer, told reporters on the sidelines of the annual general meeting. Yakovlev declined to talk about the new projects.
Russia’s Rosneft agreed this month to explore and develop five fields in Iraqi Kurdistan.

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