By John Lee.
Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has signed on Thursday a memorandum of understanding with BP to rehabilitate the oil fields in Kirkuk governorate.
Michael Townsend, CEO of BP, said that the company is going to prepare the necessary studies to increase production at the Kirkuk oil fields to 750,000 bpd.
The two men inspected the Kirkuk fields on Thursday and ordered a speeding-up of rehabilitation operations.
(Source: Oil Ministry)


Source: Iraq-BusinessNews.com.

Post your commentary below.