Tatneft responsible for oil projects in Iraq

The oil company Tatneft is little concerned over the USA's projected military operation against Iraq. In the opinion of a Tatneft spokesman, the Kurds-dominated northern parts of the country where the company makes its business are unlikely to be subject to attack.

Under the UN oil-in-exchange-for-food programme, Tatneft is engaged in the development of 45 wells in Iraq. Besides, there is one more contract also approved by the United Nations which provides for extraction from 33 oil wells. The recently-held Tatneft board of directors decided to dispatch to Iraq about 20 experts to embark on this project.

"We shall participate in maintaining the level of oil extraction in Iraq on the level required for the performance of the UN programme, "Oil for food", Tatneft said. Besides, Tatneft supplies Iraq with automobile tires and excavators within the same programme.

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