Energy Markets
TASS cites the energy minister as saying that Russia will restart oil projects in Iraqi Kurdistan.
According to the TASS news agency, Russia's Energy minister Sergei Tsivilev, Iraqi Kurdistan has settled its oil dispute with the federal government, allowing Russian companies to restart projects in the area. Rosneft, the largest Russian oil company, suspended its operations in the area. The company halted certain operations for security reasons while it was conducting works near Syria's border. The resumption in Kurdish oil sales has been the main obstacle to relations between federal authorities and the region. Iraqi Oil Minister Hayan Abdel Ghani stated on Monday that Iraq is waiting for Turkey to approve the restart of oil flow...