to develop oil fields retaken from kurds
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
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

GMT 06:40 2017 Saturday ,16 December

Walker needs brains not just brawn

GMT 08:15 2017 Thursday ,07 September

US oil giant ExxonMobil plans Cyprus gas exploration

GMT 18:11 2011 Monday ,18 April

Zimbabwe and Zambia in tug of war over Vic Falls

GMT 16:05 2017 Tuesday ,31 October

Qadih calls for involving private sector

GMT 09:20 2017 Wednesday ,15 November

Qualcomm spurns $130 bn Broadcom bid for big tech tie-up

GMT 13:43 2017 Tuesday ,24 October

Stabbed Russian journalist 'in recovery'

GMT 10:26 2017 Friday ,14 April

Sock topples Haas to reach ATP Houston quarters

GMT 14:00 2017 Saturday ,25 November

Sudan condemns terrorist attack in Egypt

GMT 09:40 2017 Monday ,04 December

Stade down Racing, Clermont edge plucky Agen

GMT 08:08 2017 Thursday ,05 October

Injury jinx strikes again as Iordache exits

GMT 11:20 2017 Tuesday ,05 December

Prodigal son: Saleh Saudi overture tips Yemen balance

GMT 09:35 2013 Saturday ,31 August

Afghan suicide attack kills 6, hurts 20 in south

GMT 23:36 2016 Sunday ,11 December

Suicide attack in Istanbul claims 29 lives

GMT 18:29 2013 Sunday ,10 November

Samsung\'s Galaxy Note 3 top 5m

GMT 14:52 2013 Sunday ,24 November

Computer game opponents begin to think, feel alike

GMT 18:55 2012 Wednesday ,02 May

8 Secret guy insecurities

GMT 19:27 2012 Thursday ,10 May

How to win over your boss

GMT 18:27 2012 Sunday ,29 April

Why I\'m better off without a baby

GMT 13:40 2012 Friday ,25 May

Sharnoubi to make documentary on singer Warda

GMT 12:58 2014 Friday ,28 November

Incredibly small apartment in Paris

GMT 00:44 2011 Sunday ,25 December

Modern glass house

GMT 10:51 2011 Tuesday ,05 July

Dior loses its way without creative director
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle