09:22 GMT +324 March 2018
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    BEIRUT, MARCH 19 (RIA NOVOSTI) - There are prospects for Russia to take part in contracts for geological prospecting in the southwestern part of Iraq, reports Mikhail Levintov, learned secretary of the Zarubezhgeologiya research center, a Russian participant in an international Iraq economic development conference in Beirut.

    His research center has long been engaged in studies of Iraq's geological structure and therefore has ample geological and geophysical materials concerning the southwest of the country. He said that part was poorly-explored but, according to Russian expert estimate, as rich in oil as the north of Iraq. This area has been split into nine parts being now negotiated with more than 30 competing companies.

    "Russia has a lot to offer," claims Levintov. The assessment of Iraq's entire non-prospected oil reserves was once done by Russian experts and can be rapidly renewed and detailed regarding Southwestern Iraq," said Levintov.

    Besides, noted Levintov, "our experts are authors of original oil-and-gas potential appraisal methods can provide investors with well-substantiated recommendations with respect to the most promising areas as well as can offer the most rational set of geological prospecting activities. We are prepared to supply the Iraqis with all necessary information and consultations," he said.

    He recollected that from 1969 to "the war in the desert" Soviet experts were active in the implementation of many projects in Iraq, including the development of the Northern Rumaila oilfields as well as the exploitation of West Qurna, Luhais and Nahr Umr deposits.

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