Gazpromneft increases costs for the Badra field to $3 billion

Gazpromneft has increased assessment of expenses for development of the Badra oil field in Iraq, which operator the company is, to $3 billion, the agency Bloomberg reports.

Earlier the company stated that the estimated amount of capital investments was about $2 billion. As a source, who is familiar with the project implementation, reported to the Prime, “costs, initially estimated at $2.4 billion, were adjusted during 4 years of works”.