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BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's ...
BP (NYSE:BP) is expected to spend as much as $25B to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as the country seeks to win back foreign investment.
Under the terms of the contract, BP would boost crude production capacity from the four oilfields in Kirkuk by 150,000 barrels per day (bpd) to raise total capacity to at least 450,000 bpd in 2-3 ...
bp is set to return to Kirkuk’s oil sector in February 2025, marking its third attempt to operate in the region amid ongoing geopolitical complexities. Type your search and press Enter.
Iraq and BP, which is returning after a nearly five-year absence, signed a preliminary agreement earlier this month to develop four oil and gas fields in northern Iraq's Kirkuk. BP has estimated ...
BP plc (BP), the UK supermajor, has entered into a preliminary agreement with the government of Iraq to rehabilitate and develop four significant oil and gas fields in the northern Kirkuk region.
According to Iraqi Oil Minister Abdelkarim al-Luaybi, output at Kirkuk has declined and the project with BP could see an increase in production to 500,000 barrels per day within three years.
Iraq's oil minister and the chief executive of BP paid a rare visit to the northern Kirkuk oilfield on Wednesday to win over the local government before the UK major starts to revive the field ...
BP has agreed to help the Iraqi government revamp its giant Kirkuk oil field, Iraq's oil minister said, potentially paving the way for the U.K.-based company to clinch a longer-term development deal.
BAGHDAD (Reuters) -Iraq will share profits with BP from developing its giant Kirkuk oil and gas fields, two officials said on Tuesday, as the country moves away from low-margin service contracts ...