Gazprom Neft Rebuffs Proposal from Kurdistan to Cut Investments

published:01/04/2020 06:04 GMT

Gazprom Neft, the oil arm of Russian gas giant Gazprom, will not reduce investment in its project in Iraqi Kurdistan despite a request from the semi-autonomous region's government to do so, it said on Tuesday. Following a slump in oil prices several countries have asked oil producers to cut investments, which governments often have to partially reimburse as part of their contractual arrangements. Gazprom Neft said the Iraqi Kurdistan government had asked oil producing companies, including...More