Revised Production Target for Rumaila

By John Lee.

BP has reportedly finalised its revised contract for Iraq’s giant Rumaila oilfield, cutting the final production target from 2.85 million barrels per day (bpd) to 2.1 million bpd.

According to Reuters, officials from BP and Iraq’s oil ministry signed the amendment to the existing contract in a closed-door meeting at Rumaila on Thursday.

For more on revised production Targets, please see this report from our Expert Blogger Ahmed Mousa Jiyad.

(Source: Reuters)

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