Novak, from the Kurdish referendum through to U.S. sanctions

Novak, from the Kurdish referendum through to U.S. sanctions

Editorial Staff
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The Russian Energy Minister spoke about the presence of Gazprom Neft in Iraqi Kurdistan, he also said U.S. sanctions would not affect Russian projects in the gas and oil sectors and mentioned the oil output cuts requested from Turkmenistan

Despite the independence referendum held in Iraqi Kurdistan, Gazprom Neft means to continue implementation of its current projects, the Russian Federation's Energy Minister Alexander Novak told the Russian press. As far as he knew, he said, Gazprom Neft would continue its operations and projects in Iraqi Kurdistan. The company has three facilities in the region, in the Halabja, Shakal and Garmian complexes. The minister also said he urged Turkmenistan to adhere to the deal between OPEC member countries and non-OPEC parties on oil production cuts. The request was put forward during the Russian delegation's official visit to the capital of Turkmenistan. "We invited our colleagues to participate in the Forum of Gas Exporting Countries, as well as in the agreement between the OPEC countries and countries outside of the organization," he stated. Novak added that Turkmenistan is ready to be an observer, without formally entering into the agreement. The minister then went on to discuss the new American sanctions imposed against Russia, which, he pointed out, have not affected Russian projects in the gas and oil sectors. New U.S. law on sanctions against Russia is quite complex, requiring in-depth analysis and clarification. "Now we need to wait for the official explanation from the US authorities about the features of the application of this law" said Novak.