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Russia’s Bashneft May Join Iraq Oil Exploration Group, IFX Says

Russia’s OAO Bashneft, controlled by billionaire Vladimir Evtushenkov’s AFK Sistema, is in talks to form a consortium to develop Iraqi oil fields, Interfax reported, citing the company’s president, Alexander Korsik.

The Russian company wants to be a junior partner in a consortium that will bid in the next round of tenders for Iraqi oil fields, Interfax reported, citing an interview with Korsik.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss in London at sev@bloomberg.net

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