Iraq/Kurdistan: BP to Help Iraq Boost Oil Flow at Fields Retaken From Kurds

Jan 18, 2018 | Khalid Al-Ansary, Kadhim Ajrash, and Bruce Stanley, Bloomberg
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BP Plc agreed to help increase crude production at northern Iraq’s Kirkuk fields as the government pushes to restore output and exporting capacity after recapturing the oil-rich region from semi-autonomous Kurdish forces in October. Iraqi and BP officials signed an agreement in Kirkuk city on Thursday to study ways of boosting capacity at the fields to 700,000 to 750,000 barrels a day. The deposits, which include the country’s oldest field, currently can pump about 450,000 barrels a day.