U.S. Hyperion Resources has urged Russia’s Tatneft to develop joint projects in Iraq. But no foreign company may operate in Iraq until a new act on crude oil that will govern the work with subsoil wealth of the country is signed there. U.S. Hyperion Resources has proposed to Tatneft to develop joint projects in Iraq, Russia’s company reported in its Neftyanye Vesti (Crude News) corporate newspaper. Tatneft delegation and delegation of Hyperion that was led by its Chief Executive Albert Huddleston met past week. Hyperion said it concluded a memorandum with Iraq’s Oil Ministry authorizing it to work in the country. Although quite a number of companies...


Read the full article Tatneft Offered Joint Work in Iraq.

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