Rosneft and Kurdistan Regional Government are continuing to build on agreements they have reached previously.

On the sidelines of the X Eurasian Economic Forum in Verona the parties have announced the start of joint implementation of an infrastructure project for the operation of the oil pipeline in the Kurdish Autonomous Region.

Rosneft’s share in the project may amount to 60%. The other project participant with 40% share will be KAR Group, who is the current pipeline operator.