By John Lee.
Oil minister Abdul Kareem Luaibi [Elaibi] (pictured) told Reuters on Wednesday that Baghdad signed a deal with BP "about 10 days ago" to revive the northern Kirkuk oilfield.
The agreement allows BP to negotiate access to significant reserves in the north in return for helping Baghdad arrest a huge decline in output from the field.
The Kurdistan Regional Government has already rejected the plan as illegal. A spokesman from the KRG's Ministry of Natural Resources said:
"No company will be permitted to work in any part of the disputed territories including Kirkuk without formal approval and involvement of the KRG."
The Kurdish KAR Group is developing a formation under the control of the KRG.
(Source: Reuters)
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Irakintel_news 11th September 2013 at 17:25 #
BP Signs Deal to Revive Kirkuk Oilfield | Iraq Business News http://t.co/mHPlhCPekw
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IraqDaily 12th September 2013 at 05:45 #
#BP Signs Deal to Revive Kirkuk #Oilfield http://t.co/ssBuATvOBx
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AlainRobertson 12th September 2013 at 14:50 #
BP Signs Deal to Revive Kirkuk Oilfield in Iraq http://t.co/6k8lE8xruw
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zuhair47 12th September 2013 at 16:40 #
BP Signs Deal to Revive Kirkuk Oilfield ,#KRG rejected the plan as "illegal"
.http://t.co/B01stvyCTZ #Iraq