oil per year. Messoyakha fields The Messoyakha Group of oil and gas fields consists of the West-Messoyakha and East-Messoyakha sites. Messoyakhaneftegas, an equally owned joint venture with TNK-BP, holds the licenses for both blocks with Gazprom Neft as operator. The recoverable C1+C2 reserves of both blocks total 620 million tonnes of primarily heavy oil. The fields were discovered in the 1980s and are the most northern-located onshore Russian fields. The Messoyakha oil and gas fields are located on the Gyda Peninsula in the Tazovsky District of the Yamalo-Nenets Autonomous Area - an Arctic climate zone with undeveloped infrastructure. By 2020 the Messoyakha fields are expected to be producing 8 mln tonnes per year with the first million produced by 2016. International projects Serbia. Naftna industrija Srbije. NIS is the largest international asset of Gazprom Neft which owns 56.15% of share capital. NIS's main hydrocarbon production centres are located in Serbia, Angola, Bosnia and Herzegovina, Hungary and Romania with total volume of 1.233 mln tonnes of hydrocorbones produced in 2012. The company operates two refineries in the towns of Pancevo and Novi Sad with a total refining capacity of 7.3 mln tonnes per year and has a network of over 480 petrol stations and oil storage facilities. Angola. The company gained a presence in Angola in 2009 after acquiring NIS. Venezuela. Development of the Junin-6 field together with PDVSA. Reserves: 10.96 billion barrels. Iraq. Development of the Badra field. The Badra oil field is situated in Wasit Province in Eastern Iraq. The geologic reserves at Badra field have been determined to amount to 3 billion barrels of oil. The service contract for development of the oil field was signed in the beginning of 2010. The winning bid was submitted by a consortium of companies consisting of: Gazprom Neft (Russian Federation, the Project operator); KOGAS (Korea); PETRONAS (Malaysia); TPAO (Turkey); The Iraqi Government, represented by the Iraqi Oil Exploration Company (OEC). The Badra oil field development project is scheduled to last 20 years with a possible 5-year extension. Production is expected to reach 170,000 barrels of oil per day, which is around 8.5 million tons a year by 2017, and it will remain at this level for 7 years. Over a short period, new infrastructure for the field's commercial development has been installed at the oil field. It allowed for the commercial production of oil to begin in May 2014. The first