Oil Ministry widens BP mandate in Kirkuk
BP's consulting deal to help maximize Kirkuk production now includes more fields, including key assets currently managed by the KRG.
Iraqi Oil Minister Jabbar al-Luiebi (R) and BP President for Middle East Michael Townshend sign an amended Letter of Intent for studying North Oil Company fields, in Basra on May 7, 2018. (ESSAM AL-SUDANI/Reuters)
BASRA - The Oil Ministry has expanded the scope of its Kirkuk deal with BP to include major oil assets currently managed by the autonomous Kurdistan Regional Government (KRG) – adding a new layer of political intrigue around the British super-major's return to northern Iraq.
In an amended Letter of Intent (LoI) signed Monday in Basra, BP agreed to help the state-run North Oil Company (NOC) formulate a holistic plan for developing every major field in Kirkuk, according to Abdul Mahdy al-Ameedi, the director general of the Oil Ministry's Petroleum Contracts and Licensing Directorate (PCLD).
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
