Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border, Rosneft’s First Vice President, Eric Maurice Liron, said on Thursday. Rosneft has signed several agreements with Kurdistan dating back from 2017 and 2018 to cooperate in exploration, production, infrastructure development, logistics, and trading of oil and gas in Kurdistan. Rosneft has Production Sharing Agreements (PSAs) on five production blocks in the Iraqi Kurdistan. However, in view of the current unrest in Syria, with the Turkish offensive against the Kurds in northern Syria, Rosneft has decided to temporarily halt works on block 8 because it is close to the Iraqi Kurdistan’s border with Syria. Rosneft continues works on block 11 in Kurdistan, Liron told reporters on Thursday, as carried by the Russian news agency TASS. The Russian oil giant is […]