Iraq’s Oil Ministry has signed up US-sanctioned firm Stroytransgaz to explore and potentially develop reserves in the western Anbar province. The yet-to-be-finalized deal sees yet another Russian firm target Iraq’s underexplored acreage.

 

Russian firm Stroytransgaz was awarded a 34-year contract this week to explore and produce oil and gas in western Iraq’s Block 17, a ministry statement confirms. The deal requires approval from the ministerial council, and given...