Russian oil company wins contracts in Iraq and Fojairah

Ivan Mazor, the head of the Russian Oil Company said that his company that his company won two contracts for developing oil projects in Iraq whose value is more than 210 million dollars and a contract for establishing an oil refinery in Fojairah (United Arab Emirates).

Mazor said in press declarations on the margin of the Abu Dhabi international conference which was concluded the day before yesterday that "the Russian company won a gas injection contract in Remaila field for increasing its productive capacity at a cost of 180 million dollars, assuring that Russia expects wining new projects in Iraq following the lifting of the sanctions on Baghdad.

Mazor also revealed that his company won a contract for establishing an oil refinery in Fojaira (U.A.E) with a varying cost between 120 - 150 million dollars with production capacity of 2 million tons annually.