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Iraq Asks BP to Develop Kirkuk Fields
Iraq Asks BP to Develop Kirkuk Fields

Iraq Asks BP to Develop Kirkuk Fields

Iraq Asks BP to Develop Kirkuk Fields

Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly make plans to develop the Kirkuk oilfields," an oil ministry statement said on Wednesday. Iraqi government forces on Monday took control of the oil-rich region of Kirkuk from Kurdish peshmerga fighters who had occupied the area in the course of the war on the self-styled Islamic State terrorist group, Reuters reported. BP says on its website it has provided technical assistance in the past to the Iraqi state-owned North Oil Company to aid the redevelopment of the Kirkuk field. Kirkuk is estimated to have around 9 billion barrels of recoverable oil, BP said. Iraq, the second-largest producer in OPEC, pumps most of its 4.47 million barrels a day from fields in the south and ships it from the Persian Gulf port of Basra.

 

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