By John Lee.
The President of BP Iraq, Michael Townshend, has said that the company has extended an agreement with the Ministry of Oil to boost production at the Kirkuk oilfield.
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).
(Source: Reuters)
(BP image via Shutterstock)
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DTNIraq 22nd April 2015 at 09:49 #
DTN Iraq: BP’s Kirkuk Contact Extended: By John Lee. BP‘s president in the Middle East, Michael Townshend, has... http://t.co/9M706noROD
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JT_Iraq_News 22nd April 2015 at 09:53 #
BP’s Kirkuk Contact Extended: By John Lee. BP‘s president in the Middle East, Michael Townshend, has said that... http://t.co/KxaD8pUUBy
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dliraq 22nd April 2015 at 09:53 #
BP’s Kirkuk Contact Extended: By John Lee. BP‘s president in the Middle East, Michael Townshend, has said that... http://t.co/ggBQW0u7T7
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iraqsolidarity 22nd April 2015 at 10:29 #
BP’s Kirkuk Contact Extended http://t.co/w19kROWYYV #iraq
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Goodixlady 23rd April 2015 at 07:51 #
RT @IraqDaily: BP’s Kirkuk Contact Extended http://t.co/2j3dFSJsXJ #iraq
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kennethdapple 23rd April 2015 at 14:35 #
BP’s Kirkuk Contact Extended | Iraq Business News http://t.co/IMIK6AO69C
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kennethdapple 23rd April 2015 at 14:49 #
Great Opportune Time to Zero-in on Iraq https://t.co/tBk41Z9OtY
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IBBC_London 23rd April 2015 at 15:09 #
BP's Kirkuk Contract Extended http://t.co/cvqdZvpf1E
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MiddleEastAssoc 23rd April 2015 at 15:25 #
RT @IBBC_London: BP's Kirkuk Contract Extended http://t.co/cvqdZvpf1E