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Russia's Rosneft to take control of Kurdish oil pipeline amid crisis

The move appears to be part of strategy by President Putin to boost Moscow's Middle Eastern political and economic influence

Reuters  |  London/Moscow 

Russia's biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan's main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad's military action sparked by a Kurdish vote for independence. The move appears to be part of a strategy by President Vladimir Putin to boost Moscow's Middle Eastern political and economic influence, which was weakened by the collapse of the Soviet Union. Rosneft's investment comes amid a crisis in Kurdistan's relations with the central government in Baghdad since the ...

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First Published: Fri, October 20 2017. 16:55 IST
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