Russia Archives - Panorama Insurance Brokers

Iraq “Planning 8 Nuclear Power Stations”

By John Lee. Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity. According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid. Click here to read the full article. (Source: Bloomberg)

Russia Deputy Prime Minister says IEA’s net zero plan could push oil price to $200

Russia Deputy Prime Minister Alexander Novak says the International Energy Agency (IEA)’s call for a halt to global oil and gas developments could push oil prices to $200 a barrel. “If the international energy agency’s decision to avoid financing new energy ventures is implemented, oil prices may hit $200,” Novak said on Thursday as preparations… Read More

Increasing Oil Production at West Qurna 2

By John Lee. Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, has announced the start of experimental operations at the Yamamah reservoir in the West Qurna 2 oil field, with the aim of increasing output from the reservoir from 10,000 barrels per day (bpd) to 350,000 bpd. When fully implemented, the development would bring total production at… Read More

New Russian Ambassador to Iraq

By John Lee. On 25 May 2021, Foreign Minister, H.E. Mr. Fuad Hussein received a copy of the credentials of H.E. Mr. Elbrus Kutrashev, the Ambassador Plenipotentiary of the Russian Federation to Baghdad. The two sides held talks on ways to improve bilateral relations between the two countries, and the importance of enhancing cooperation opportunities… Read More

Iraq in Talks to build Nuclear Reactors

By John Lee. Iraq is reportedly in talks with Russia, France and the United States regarding the construction of three civil nuclear reactors. According to The New Arab, the Head of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) said that several preliminary meetings had been held to study the feasibility of setting up the reactors…. Read More

Iraqi Oil Minister Visits Tatneft HQ

By John Lee. On a recent visit to the Russian republic of Tatarstan, Iraq’s Oil Minister Ihssan Abdul-Jabbar Ismail attended a presentation that the headquarters of the oil company Tatneft. The Iraqi delegation also visited the Taneco Oil Refining Complex, the Kama Tyres manufacturing plant, and the Nizhnekamsk Truck Tyre Factory. Nail Maganov, General Director… Read More

Iraq Approves Russian COVID Vaccine

By John Lee. The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has announced the approval of the Russian Sputnik V vaccine against coronavirus by Iraq’s Ministry of Health. Iraq has become the 45th country in the world to register Sputnik V. The vaccine was registered under the emergency use authorization procedure. (Source: RDIF)

Russian Oil Firm to Finance Nassiriyah Development

By John Lee. The Dhi Qar Oil Company (DQOC) has reportedly said that Litasco, the international marketing and trading company of Russia’s LUKOIL, will finance the doubling of capacity at the Nassiriyah oil field from 100,000 barrels per day (bpd) t0 200,000 bpd. The project includes a 42-kilometer pipeline, and will be a joint venture… Read More