Business Standard

Russia's Rosneft, Iraqi Kurds sign deal on oil export pipeline

Image

Reuters LONDON/MOSCOW

LONDON/MOSCOW (Reuters) - Russia's largest oil producer Rosneft and Iraqi Kurdistan authorities have signed an agreement for operation of an oil export pipeline in the Kurdish Autonomous Region, Rosneft said on Friday.

Rosneft's share in the project may total as much as 60 percent, while the current pipeline operator KAR Group will retain 40 percent.

(Reporting by Dmitry Zhdannikov and Vladimir Soldatkin; Editing by Chris Reese)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 20 2017 | 4:18 AM IST

Explore News