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Russia's Gazprom Neft sees investment in Iraq's Badra at $2.5 bln until 2030

Reuters

BADRA OILFIELD, Iraq, Dec 6 (Reuters) - Russia's Gazprom Neft and its partners developing the Badra oilfield in Iraq plan to invest a further $2.5 billion in the project until 2030, Gazprom Neft Chief Executive Alexander Dyukov said on Wednesday.

So far, investments by an international consortium which includes Gazprom Neft, South Korea's Kogas, Malaysia's Petronas, and Turkey's TPAO, have amounted to $4.0 billion.

Gazprom Neft is the project operator. (Reporting by Olesya Astakhova; writing by Maria Kiselyova; editing by Dmitry Solovyov)