OPERATIONS

Russia must re-bid for Iraqi contracts

Iraq’s Charge d'Affaires in Russia, Hisham Abdul-Razzaq Ibrahim, has warned Russian companies operating under the UN Oil-for-Food program they will have to re-tender those contracts.

In an interview with Interfax Hisham said, “Russia should occupy an important place in restoring the fuel and energy sector in Iraq [but] as soon as the validity of [the Oil-for-Food] program has expired, the companies that concluded those contracts will have to rearrange them through tenders.”

However, the official did state Russia’s Interenergoservis’s contract would remain as is. According to Hisham, “It is important to say that the contract with that company will not be revised. We need Interenergoservis specialists to be present in Iraq.”

Interenergoservis is involved in the restoring of power facilities in Iraq.

Hisham also sought to reassure Russian firms oil exports in the strife-torn country will be well protected. According to the official, “To ensure safe oil exports, the Iraqi government has drafted a plan under which all industrial facilities will be protected by the army and police.”

“The principal expectations in this matter will be pinned on the interim government forces, but in case of a greater danger, the Iraqis could ask the multinational forces for help,” he added.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry