Iraq plans to raise oil production capacity above 6 million bpd by 2029
22 Articles
22 Articles


With BP’s Megadeal Approved, Is the West Back in Iraq?
Iraq’s Council of Ministers last week approved the final version of BP’s US$25 billion+ contract with the Oil Ministry to develop the Kirkuk oil fields of Baba and Avana, and the neighbouring sites of Bai Hassan, Jumboor and Khabaz. This is the second huge deal signed by Western firms recently, with the other being the US$27 billion four-pronged project of France’s TotalEnergies. It is a remarkable achievement so far, given the steady erosion of…
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