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. Last Updated: 07/27/2016

Slavneft Boss Visits Iraq for Oil Talks

The chief of the Russian-Belarussian oil giant Slavneft flew to Baghdad on Tuesday for talks on increasing operations in Iraq, the company said in a statement.

The Slavneft delegation, led by company president Mikhail Gutseriyev, was to meet with Deputy Prime Minister Tariq Aziz and other Iraqi officials during the three-day visit, the statement said.

Slavneft, which is eager to develop Iraqi oil fields, recently opened a Baghdad office.

"We expect the international embargo against Iraq to be lifted eventually and we are trying to be among those international companies prepared to start oil production in Iraq immediately after this happens," said Slavneft vice president Andrei Shtorkh.

The United Nations imposed sanctions on Iraq following its 1990 invasion of Kuwait.

Moscow is owed billions of dollars by Iraq in Soviet-era debts and has repeatedly pushed for the lifting of the sanctions.