Kurdistan Russian oil giant Rosneft signs deal with Kurdistan to develop five projects

Russian oil and gas giant Rosneft on Wednesday announced they had signed a deal with the Kurdistan Regional Government (KRG) to develop five oil blocks despite escalating tensions in the region. In an official statement, the Russian crude producer said it had signed “documents required to put in force” production sharing agreements with the KRG which would allocate 80 percent of the projects to Rosneft. Source Kurdistan24