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Gazprom Neft Wins Tender on Iraqi Badra Oil Field Development

Gazprom Neft as an operator holding 30% in the consortium has won a license to develop an Iraqi Badra oil field with reserves of 2 bln. bbl of oil. The rest parties of the consortium are represented by Korea’s Kogas (22.5%), Malaysia’s Petronas (15%) and Turkish TPAO (7.5%). The Iraqi government holds a 25% stake in the consortium. Gazprom Neft ...

14 December 2009