Subscribe 

New Rumaila contract includes substantive changes

A new contract for Iraq's most prolific oil field lowers output, extends the life of the deal, and gives BP and CNPC a larger stake.
Officials from the Iraqi government and BP sign a newly amended contract for the development of the Rumaila oil field on Sept. 4, 2014. From left to right: Falah al-Amri, the director general of SOMO; Marc Hornbrook, the General Manager of the Rumaila project for BP; Dhia Jaffar, the director general of SOC; Thamer Ghadhban, advisor to the prime minister; and Bob Dudley, the CEO of BP. (ALI ABU IRAQ/Iraq Oil Report/Metrography)
SOC Director General Dhia Jaffar, center, with Iraqi and BP officials at a Sept. 4, 2014 signing ceremony for an amendment of the Rumaila contract. Jaffar has been nominated as a new deputy oil minister for refineries. (ALI ABU IRAQ/Iraq Oil Report)
 
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.

More in Energy

New SOMO director named as Iraq reshuffles oil sector leadership
Disputes between Baghdad and IOCs keep northern oil exports offline
February oil exports rise as OPEC-plus signals strategy shift
January oil output rebounds