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Economics

Russia's Gazprom Neft sees investment in Iraq's Badra at $2.5 bln until 2030

Iraq- Russia's Gazprom Neft SIBN.MM and its partners developing Iraq's Badra oilfield plan to invest a further $2.5bn in the project until 2030, Gazprom Neft Chief Executive Alexander Dyukov said on Wednesday. So far, investments by an international consortium which includes Gazprom Neft, South Korea's Kogas, Malaysia's Petronas, and Turkey's TPAO, have amounted to $4.0bn. Gazprom Neft is the project operator. The oilfield is now producing 85K bpd, Iraqi Oil Minister Jabar al-Luaibi said. Its associated gas plant would increase output to 50mn cubic feet (mcf)/day in the first quarter of 2018, up from 35 mcf/day now, he added. Iraq could import natural gas from Iran to be processed at the Badra gas facility, Luaibi said.

Source: https://www.zawya.com/mena/en/story/Russias_Gazprom_Neft_sees_investment_in_Iraqs_Badra_at_25_bln_until_2030-TR20171206nR4N1MG016X3/

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Type Close % Chg YTD % Chg
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Code Closing (IQD) % Chg
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Code Closing (IQD) % Chg
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AIPM 4.250 -4.5%
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BROI 0.410 -2.4%
SKTA 4.450 -1.1%

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Code Trading Vol.
(IQD mn) / d
Trading Vol.
($'000)/d
IIDP 52.1 42.9
AISP 41.5 34.1
BBOB 40.6 33.4
AIPM 30.9 25.5
BGUC 26.4 21.7

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Sector Trading Vol.
(IQD mn)/d
Trading Vol.
('000 $)/d
Telecom - -
Banking 84.9 69.9
Industry 77.3 63.6
Hotels & Tourism 0.8 0.7
Services 17.8 14.6
Agriculture 81.2 66.9
Insurance - -
Investment 0.0 0.0
Money Transfer - -
Total 262.0 215.7