View Full Version : BPs Kirkuk Contact Extended

Investors Iraq News
04-22-2015, 09:43 AM
By John Lee.
BP‘s president in the Middle East,*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 (http://www.shutterstock.com) via Shutterstock)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2015/04/22/bps-kirkuk-contact-extended/)

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