Iraq/Kurdistan: Gazprom Neft to Increase Oil Extraction in Kurdistan Despite ISIS Threat

Jan 11, 2017 | Igor Roznin, Russia Beyond the Headlines
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Gazprom Neft, the fourth largest oil producing company in Russia, plans to increase oil extraction in areas controlled by ISIS, a terrorist organization at war with the Iraqi and Syrian governments, as well as with the international anti-terrorist forces led by Russia and the U.S. The company has no plans to shut operations at the three oilfields in the north of Iraq that are close to the fighting in ISIS-controlled territory, reports RBC, citing a source at Gazprom Neft. According to RBC, the company instead plans to increase annual oil production to 220,000 tons, which would constitute a 17.3 percent increase over last year.