to develop oil fields retaken from kurds
Last Updated : GMT 05:07:50
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 05:07:50
Themuslimchronicle, themuslimchronicle

Iraq Signs Deal With BP

To develop oil fields retaken from Kurds

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleTo develop oil fields retaken from Kurds

Iraq is the second largest producer in the OPEC cartel after Saudi Arabia.
Kirkuk - Muslimchronicle

Iraq signed a contract Thursday with British energy giant BP aimed at more than doubling production from oil fields in the northern province of Kirkuk that were retaken from the Kurds last year.

The agreement was signed by Iraqi Oil Minister Jabbar al-Luaybi in Kirkuk, north of Baghdad, where the North Oil Company has its headquarters, AFP reporters said.

Iraqi forces reclaimed a string of major oil fields in Kirkuk after Iraqi Kurds in September voted for independence in a controversial referendum opposed by Baghdad.

The Kurds had taken over the fields in 2014 during the chaos of the Islamic State group's rampage across the country and exported oil to Turkey through their own pipeline.

Experts say work to renovate a parallel Iraqi pipeline could take up to two years.

Kirkuk province now has a production capacity of 420,000 barrels a day (bpd), according to Baghdad, but only 120,000 barrels a day are being pumped and exports from the region are at a halt.

The oil ministry said Thursday's deal aims "to increase production by 750,000 barrels per day".

Luaybi added that he would visit Turkey "soon, to study ways of reaching a deal on the pipeline from Kirkuk to the Turkish port of Ceyhan".

Iraq, the second largest producer in the OPEC cartel after Saudi Arabia, signed a consultancy contract with BP in 2013 to help the state-owned North Oil Company to develop the Havana and Baba Gurgur fields in Kirkuk province.

But it was never implemented as Baghdad lost control of the fields to Kurdish forces the following year.

Iraq reported its oil exports hit 109.6 million barrels a day in December, the same month that the government announced victory over IS.

Iraq in 2017 earned around $6.5 billion (5.3 billion euros) from crude sales, at $59.3 per barrel.

Source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

to develop oil fields retaken from kurds to develop oil fields retaken from kurds

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicleSkincare PR Performance Full Year 2017

GMT 09:06 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Themuslimchronicle, themuslimchronicleEurope brings on charm and blue skies

GMT 08:37 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Themuslimchronicle, themuslimchronicleModern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Themuslimchronicle, themuslimchroniclePuigdemont candidate for Catalan president

GMT 08:25 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Themuslimchronicle, themuslimchronicleAmazon to open first cashierless shop

GMT 08:31 2018 Tuesday ,23 January

Amazon to open first cashierless shop
Themuslimchronicle, themuslimchronicleThe Rake announces editorial updates

GMT 08:20 2018 Wednesday ,17 January

The Rake announces editorial updates
Themuslimchronicle, themuslimchronicleAirbus to get '10 years of visibility'

GMT 08:39 2018 Monday ,22 January

Airbus to get '10 years of visibility'
Themuslimchronicle, themuslimchronicleFor the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Themuslimchronicle, themuslimchronicleUS Christian tourists see deep meaning

GMT 08:00 2018 Monday ,22 January

US Christian tourists see deep meaning
Themuslimchronicle, themuslimchronicleWENN appoints entertainment journalist

GMT 09:07 2018 Monday ,22 January

WENN appoints entertainment journalist

GMT 09:53 2018 Monday ,22 January

Hindi Diwas celebrations at Bhavans Kuwait

GMT 10:17 2015 Wednesday ,30 September

Arts Canteen presents Mosaïques Festival

GMT 13:38 2017 Wednesday ,12 July

Electric car boom won't spell end of oil

GMT 14:03 2017 Thursday ,16 March

Morning tips to prepare for the day

GMT 22:44 2011 Monday ,25 April

PlayStation network hacked to be rebuilt

GMT 20:11 2011 Saturday ,30 April

Salman Khan: Ladies\' man

GMT 16:40 2011 Wednesday ,09 February

Sporadic clashes overnight despite Tunisia curfew

GMT 12:54 2017 Tuesday ,07 February

Lady Gaga lights up Super Bowl with inclusion message

GMT 12:49 2016 Tuesday ,04 October

Theresa May making 'mistake' with hard Brexit

GMT 06:27 2017 Thursday ,31 August

Trump warns may terminate NAFTA treaty

GMT 00:54 2017 Saturday ,18 February

Amity University Dubai holds fourth convocation

GMT 22:29 2017 Saturday ,28 January

Jeddah’s Al-Jawhara to host Mohammed Abdu on Monday

GMT 10:34 2018 Friday ,12 January

Elvis fans all shook up on Australia party train

GMT 14:20 2016 Wednesday ,11 May

2016 Soul Named Among Best Cars for Families

GMT 07:22 2017 Saturday ,30 September

Tata wins bid to make electric cars

GMT 09:36 2017 Friday ,29 December

Obama most admired man among Americans: Gallup poll
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube
muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle