Sechin to visit Iraq to resolve the issue with contracts, media reported

© RIA Novosti / Sergey Goneeverything in photobunny Executive Director of JSC NK Rosneft Igor Sechin. Archival photoSechin to visit Iraq to resolve the issue with contracts, media reported© RIA Novosti / Sergey Goneeverything the image Bank

The head of «Rosneft» Igor Sechin may soon visit Iraq to resolve the situation with the contracts of the company, wrote in a Wednesday newspaper «Kommersant» with reference to sources.

In February 2017, Rosneft and the government of Iraqi Kurdistan have signed an agreement on cooperation in the oil and gas industry and a contract for the purchase and sale of oil from 2017 to 2019. In October, the parties signed the documents required for the entry into force of agreements on production section in five blocks in the region. Also in October, Rosneft and Iraqi Kurdistan announced the beginning of the project implementation manual for the oil pipeline, the Russian company’s share in which could leave 60%.

In September, Iraqi Kurdistan passed a referendum in which 92.7% of voters voted for independence of the region. The Iraqi authorities declared it illegitimate, as the expansion of cooperation between the Erbil with foreign oil companies has drawn sharp criticism from Baghdad. In the Iraqi capital believe all illegal transactions bypassing the Central government.

The representative of the Iraqi Ministry of oil, Assem Jihad told RIA Novosti that the Agency has asked Rosneft to clarify the position on contracts with Iraqi Kurdistan. In turn, Sechin said that the company is producing oil in Iraqi Kurdistan and comply with the local laws.

According to the newspaper, the settlement of the situation on contracts «Rosneft» was discussed at the meeting of the Russian-Iraqi intergovernmental Commission on trade, economic and scientific-technical cooperation in the narrow format. «Interest was expressed to solve problems,» said a source who knows about the content of negotiations. Moreover, according to him, in the near future in Baghdad were likely to meet the head of «Rosneft» Igor Sechin with the Prime Minister of Iraq, Haider Jawad al-Abadi. The exact date of the source is not named.

Participating in the meeting of the intergovernmental Commission, Deputy head of the Ministry of the Russian Federation Kirill Molodtsov has not responded to the question about a possible visit to Baghdad Sechin. In «Rosneft» could not confirm information newspaper about the visit.