to develop oil fields retaken from kurds
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Iraq signs deal with BP

To develop oil fields retaken from Kurds

Arab Today, arab today

Arab Today, arab today To develop oil fields retaken from Kurds

Iraq is the second largest producer in the OPEC cartel after Saudi Arabia.
Kirkuk - Arab Today

Iraq signed a contract Thursday with British energy giant BP aimed at more than doubling production from oil fields in the northern province of Kirkuk that were retaken from the Kurds last year.

The agreement was signed by Iraqi Oil Minister Jabbar al-Luaybi in Kirkuk, north of Baghdad, where the North Oil Company has its headquarters, AFP reporters said.

Iraqi forces reclaimed a string of major oil fields in Kirkuk after Iraqi Kurds in September voted for independence in a controversial referendum opposed by Baghdad.

The Kurds had taken over the fields in 2014 during the chaos of the Islamic State group's rampage across the country and exported oil to Turkey through their own pipeline.

Experts say work to renovate a parallel Iraqi pipeline could take up to two years.

Kirkuk province now has a production capacity of 420,000 barrels a day (bpd), according to Baghdad, but only 120,000 barrels a day are being pumped and exports from the region are at a halt.

The oil ministry said Thursday's deal aims "to increase production by 750,000 barrels per day".

Luaybi added that he would visit Turkey "soon, to study ways of reaching a deal on the pipeline from Kirkuk to the Turkish port of Ceyhan".

Iraq, the second largest producer in the OPEC cartel after Saudi Arabia, signed a consultancy contract with BP in 2013 to help the state-owned North Oil Company to develop the Havana and Baba Gurgur fields in Kirkuk province.

But it was never implemented as Baghdad lost control of the fields to Kurdish forces the following year.

Iraq reported its oil exports hit 109.6 million barrels a day in December, the same month that the government announced victory over IS.

Iraq in 2017 earned around $6.5 billion (5.3 billion euros) from crude sales, at $59.3 per barrel.

Source: AFP

arabstoday
arabstoday

GMT 02:55 2018 Wednesday ,24 January

France's Carrefour revamps operations

GMT 05:43 2018 Tuesday ,23 January

Five things to know about Davos

GMT 08:52 2018 Monday ,22 January

Saudi Arabia calls for oil producers

GMT 03:15 2018 Sunday ,21 January

Duterte bans Philippine nationals

GMT 02:03 2018 Saturday ,20 January

UK retail sales slide in December

GMT 01:16 2018 Thursday ,18 January

Sudan holds communist leader

GMT 01:50 2018 Wednesday ,17 January

Sudan police beat protesters at demo

GMT 05:20 2018 Tuesday ,16 January

UK construction firm Carillion collapses
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

to develop oil fields retaken from kurds to develop oil fields retaken from kurds

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

to develop oil fields retaken from kurds to develop oil fields retaken from kurds

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today The Rake announces editorial updates

GMT 12:19 2018 Tuesday ,16 January

The Rake announces editorial updates
Arab Today, arab today Europe brings on charm and blue skies

GMT 06:12 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Arab Today, arab today Puigdemont candidate for Catalan president

GMT 05:31 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Arab Today, arab today Amazon to open first cashierless shop

GMT 05:52 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment

GMT 15:56 2017 Monday ,18 December

EVE LOM to launch Radiance Face Oil

GMT 14:36 2017 Thursday ,21 December

Sixteen dead in sauna fire in S. Korea

GMT 16:08 2017 Tuesday ,24 October

Glamour fashion editor goes freelance

GMT 15:52 2017 Thursday ,21 December

UN General Assembly opens meeting on Jerusalem
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday