In this Thursday, Oct. 18, 2012 file photo, Rosneft's banner flies next to a church in Moscow, Russia. Russia's largest oil company Rosneft said Thursday, Nov. 1, 2012, that it doubled its profit in the third quarter of the year thanks to strong sales and higher oil prices. Rosneft's net profit rose to $5.7 billion in the July-September period from $2.8 billion last year. The increase was greater than expected in the markets and came despite a modest increase in revenues from $24.6 billion to $25.5 billion. (AP Photo/Mikhail Metzel, File)

Rosneft has stopped work on an oil field in Iraqi Kurdistan due to its proximity to the border with Syria. (File photo: AP)

Russia’s Rosneft stops work at Iraqi Kurdistan oil field near Syria: Report

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Published: 17 October ,2019: 12:00 AM GST Updated: 20 May ,2020: 10:56 AM GST

Russian oil giant Rosneft has stopped work on an oil field in Iraqi Kurdistan due to its proximity to the border with Syria, Interfax news agency reported on Thursday, citing Rosneft.

Rosneft is one of the few energy majors to operate in the Iraqi Kurdistan region. Last year, the company signed a deal with the Kurdistan regional government to explore the potential of developing its natural gas reserves and building a pipeline.

The company had commenced “experimental” production from the Bejil oilfield in the region.

Rosneft’s suspension comes after Turkish troops and their Syrian rebel allies launched an offensive against Kurdish-led forces in northeast Syria last week.

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