Economics
Premier Oil to join Bashneft in Oil Block 12
Britain’s Premier Oil is teaming up with Russia’s Bashneft to develop Iraq’s oil exploration block 12. Premier said: “Subject to ongoing discussions with the authorities in Iraq, Premier has agreed to join Bashneft on Block 12, an 8,000 km2 block in the underexplored Salman Zone in southern Iraq, with 30% equity.” (Iraq Business News)
Source: http://www.iraq-businessnews.com/2012/07/16/premier-oil-to-join-bashneft-in-oil-block-12/
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