BP revives quest for Kirkuk oil deal
A new memorandum of understanding signals a new phase in BP's decade-long pursuit of a deal to rehabilitate major oil fields in Kirkuk.
Iraqi Prime Minister Mohammed Shia al-Sudani (center) oversees the signing of a memorandum of understanding between BP CEO Murray Auchincloss (left) and Oil Minister Hayyan Abdulghani (right) at a ceremony in Baghdad on Aug. 1, 2024. (Photo credit: Prime Minister's Office)
ERBIL - Iraq has signed a memorandum of understanding with BP that could lead to the rehabilitation and development of four fields in Kirkuk.
BP CEO Murray Auchincloss traveled to Baghdad for a signing ceremomy Thursday with Oil Minister Hayyan Abdulghani, which was attended by Prime Minister Mohammed Shia al-Sudani, according to a statement from the prime minister's office.
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