Russian President Vladimir Putin revealed the volume of investments by Russian companies in Iraq, noting that it amounts to 19 billion dollars in addition to 50 companies operating in Iraq.

During discussions held in Moscow with Prime Minister Muhammad Shiaa Al-Sudani, who arrived in the Russian capital earlier today, Putin indicated: “Moscow and Baghdad are successfully coordinating work within the framework of OPEC+ with the aim of achieving stability in global energy markets.” He said: “We are coordinating work successfully within the framework of OPEC+.” added “We are doing this with great success in coordinating work within OPEC+ with the aim of achieving stability in the global markets, and I hope that we will continue to work in this approach.”

The Russian President added that the energy sector is a major area of cooperation between Russia and Iraq, a member of the Organization of the Petroleum Exporting Countries (OPEC).

Regarding the size of Russian investments in Iraq, Putin said, “Our major companies operate in your country (Iraq) with great success. The total investments of our companies amounted to about 19 billion dollars. There are prospects for further development of cooperation.”

Source: National Iraqi News Agency