Iraq, BP finalise deal to develop new oil fields

Iraq, BP finalise deal to develop new oil fields

Iraq and energy giant BP finalised an agreement to develop oil fields in the northern province of Kirkuk, Iraqi authorities and the British company said Tuesday. The mega-project covers petroleum production, the rehabilitation of existing facilities, the capture and use of natural gas produced alongside crude oil, and potential exploration projects. The agreement was signed between Iraq's state-owned North Oil Company and BP, Prime Minister Moha…

BP agrees 'giant' Iraq deal ahead of spotlight on oil and gas production

BP has unveiled a deal with the Government of the Republic of Iraq to invest in several "giant" oil fields in Kirkuk. The firm said the opportunity across BP boss Murray Auchincloss will clarify the firm's approach to increasing oil and gas production and slashing investment commitments in renewables.

BP, Iraq Strike Deal on Oil Development in Kurds-Claimed Province

The agreement targets a production of over three billion barrels of oil equivalent in the initial phase.

The Government of Iraq and the British Petroleum (BP) company signed an agreement to rehabilitate and develop four Kirkuk oil fields in the north-east of the country, a project to be carried out between the North Oil Company, affiliated with the Iraqi Ministry of Oil, and the British company. "The signing of this document took place after reaching an agreement with the company concerned on technical issues and contractual terms, including the ec…