By John Lee.
Reuters quotes him as saying "We had a letter of intent, which was for a year, and we extended that until the end of this year because there was a time last year where we couldn't do anything productive."
Under the deal, BP works on the Baba and Avana geological formations on the Baghdad-administered side of the border, while Kirkuk's third formation, Khurmala, is controlled by the Kurdistan Regional Government (KRG).
(BP image via Shutterstock)
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