This was announced by Energy Minister Nikolai Shulginov following a meeting in Moscow with his Iraqi counterpart Ihsan Abdel Jaber.
“The cooperation of our companies in Iraq is progressing successfully, and today at the talks we discussed expanding cooperation, strengthening it, removing the differences that exist today.
In particular, we discussed the participation of other companies, except for those that are already working there, which are showing interest in the implementation of projects in the oil and gas sector, ”TASS quotes him.
In particular, Lukoil, which has been operating in Iraq since 2014, intends to expand investments in Iraqi projects.
Earlier, Deputy Prime Minister Alexander Novak expressed the opinion that the average oil price in 2021 will be in the range from about $ 45 to $ 60 per barrel. According to him, low volatility has been observed over the past few months, which "means that the market is balanced."