Bp iraq. 2024 — of which technical terms were agreed in Dec.
Bp iraq Get the latest business insights from Dun & Bradstreet. Actual results or outcomes, may differ materially from those expressed in such statements, Iraq aims to boost gas production and capture, with the aim of ending the wasteful and environmentally damaging practice of burning excess gas from oil production, known as flaring, by 2028. Jan 15, 2025 · Oli Scarff/Getty Images News. Feb 25, 2025 · BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern roots and should help to bolster Jan 19, 2025 · The MoU was signed on behalf of Iraq by the Director General of North Oil Company, Amer Khalil Ahmed, and on behalf of BP by the company’s Iraq Branch Manager, Zaid Al-Yasiri. Today its operations are focused on working in partnership with PetroChina and Basra Oil Company to develop Rumaila, the second-largest producing field in the world, estimated to have around 17 billion barrels of recoverable oil remaining. The agreement, signed between the Iraqi Oil Ministry's North Oil Company and BP, focuses on the development of the Bai Hassan, Avana, Jambur, and Khabbaz oil fields. BP will spend as much as $25B in a deal that will last more than 25 years. The The signing of the deal came after the two parties agreed on “technical issues and contractual terms, including the economic model of the project”, according to a statement published by Iraq’s state news agency. The company pulled out of the field last year. A final agreement is anticipated by the end of this year, although bp had previously stated that negotiations over the preliminary agreement might conclude early in 2025. Feb 25, 2025 · Iraq, BP sign deal to develop Kirkuk’s oilfields. Aug 20, 2024 · British Oil & Gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. 98% of oil revenues will go directly to the government and people of Iraq. Mar 26, 2025 · bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The fresh agreement follows a memorandum of understanding between BP and Iraq signed in July 2024 – of which technical terms were agreed in December and the majority of commercial terms agreed in January – together with previous work BP has done on the fields in Kirkuk from 2013 to 2019. V of South West of Basra. The investment is expected to deliver significant economic benefits to the Kirkuk region including job creation, improved local supply chain capabilities and broader Feb 26, 2025 · BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new Mar 31, 2010 · Notes to editors The Rumaila field is one of the world’s largest oilfields and currently produces just over one million barrels of oil a day. Subsequently, the company signed a $100 million agreement Feb 26, 2025 · By John Lee. Mar 26, 2025 · By Dler Mohammed. BP and Iraq reached a deal in December on the technical terms to redevelop the Kirkuk fields. 4 million barrels a day of oil in 2021. BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. Aug 1, 2024 · BAGHDAD, Aug 1 (Reuters) - Iraq has signed a preliminary agreement with Britain's BP , opens new tab to develop the northern Kirkuk oil and gas fields, the Iraqi prime minister's office said on Jan 15, 2025 · By John Lee. Aug 12, 2024 · BP and TotalEnergies have signed deals to invest in Iraq's oil sector, including the politically sensitive Kirkuk region. The signing ceremony on Feb 4, 2025 · BAGHDAD (Reuters) -Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Jan 28, 2025 · ERBIL, Kurdistan Region - British Petroleum’s (BP) Iraq branch chief on Tuesday said that the company’s new agreement to redevelop four key oilfields in Kirkuk province will bolster the local . Learn about bp's role, achievements and challenges in redeveloping and operating Rumaila since 2009. Provided the deal is signed, which the official said could be over the coming weeks, it would mark a breakthrough for Iraq, where output has been constrained Feb 27, 2025 · The BP-Iraq agreement centers on revitalizing Kirkuk's oil and gas fields: Baba, Avanah, Bai Hassan, Jambur, and Khabbaz, operated by NOC. BP has estimated the Kirkuk field holds about 9 billion barrels of recoverable oil. Jan 9, 2025 · And now into the scene steps UK oil and gas giant BP, having agreed on 19 December to the final terms to develop Iraq’s huge Kirkuk oil fields, which have an estimated 9 billion barrels of Jan 16, 2025 · UK oil and gas giant bp will sign a deal with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region in northern Iraq, according to Iraq’s Oil Minister Hayan Abdel-Ghani. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The memorandum of understanding (MOU) signed in August with Iraq's Oil Minister covers redeveloping the 20-billion-barrel field and adjacent sites, including gas, solar, and exploration Aug 21, 2024 · Iraq and BP, which is returning after a nearly five-year absence, signed a preliminary agreement earlier this month to develop four oil and gas fields in northern Iraq's Kirkuk. Feb 25, 2025 · Iraq, BP sign landmark agreement to boost Kirkuk’s oil sector. Hayan Abdul Ghani, Deputy PM for Energy Affairs and Minister of Oil, and bp chief executive Murray Auchincloss, together with Nader Zaki, bp regional president for Middle East and North Africa, and Zaid Elyaseri, bp President Iraq. The memorandum includes the rehabilitation Aug 21, 2024 · The officials disclosed that a confidentiality agreement is expected to be signed this week, enabling Iraq to provide bp with the necessary data for the fields and installations. Jan 29, 2025 · Hitchen said BP’s willingness to invest in Iraq is important. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. Dec 19, 2024 · BP Plc and the Iraqi government took another step toward reviving one of the OPEC member’s most prolific oil and gas resources, the Kirkuk field. Jan 15, 2025 · Finally, a notable point in this new BP contract in Iraq is the return to conventional energy, whereas the company's 2020 strategy report, it had indicated ending investment in conventional energy and allocating money for investment in renewable energy and reaching net zero by 2050 or earlier. Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites, including social networks. The Iraqi oil and gas expert Ali Khalil said: “The agreement with Iraq’s Ministry of Oil is expected to help revive output at the North Oil Company, which has struggled Dec 19, 2024 · BP Plc reached an agreement with the Iraqi government on technical terms to redevelop the prolific Kirkuk oil and gas fields, the company said Thursday. Find out what works well at BP IRAQ from the people who know best. com) – The Federal Government of Iraq and British Petroleum (BP) have reached a consensus on the essential details of the project to rehabilitate Kirkuk’s oil and gas Jan 14, 2025 · ERBIL, Kurdistan Region - British energy giant, British Petroleum (BP), will start working on the development of Kirkuk province’s oil and gas fields, the governor said on Tuesday. Find company research, competitor information, contact details & financial data for BP IRAQ N. The BP agreement indicates the economic potential of Kirkuk’s oil fields but also reveals considerable technical, security, and social challenges. 85 million barrels a day, in return for a $2 per barrel fee for the incremental production. Mar 27, 2025 · Iraq, on Wednesday, finalized a contract with the London-based oil major, BP, for the development and production of four Kirkuk oil fields. The cabinet gave its final approval to the multi-billion dollar contract at a meeting this week headed by Prime Minister Mohammed Al-Sudani, the official news agency said. 2025 — together with previous work bp has done on the fields in Kirkuk from 2013-2019. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for Feb 25, 2025 · bp will invest in several giant oil fields in Kirkuk, providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water. Oil producers welcome US-Iraq statements on oil exports resumption. Feb 26, 2025 · BP has finalised contractual terms with the Government of Iraq to invest in the redevelopment of several giant oilfields in Kirkuk. Jan 15, 2025 · BP’s board chairman, Helge Lund, and Iraq Prime Minister Mohammed Shia Al-Sudani were among those in attendance at Tuesday evening’s meeting in London, where the two sides signed the majority Feb 13, 2025 · Kirkuk Governor Rebwar Taha announced on Wednesday that BP’s agreement with the Iraqi government to operate in the province will boost the local economy and generate job opportunities for residents. Dec 20, 2024 · BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. BP will focus on rehabilitating facilities in four oilfields and developing natural gas to support Iraq’s domestic energy needs. Feb 25, 2025 · BP has a history in Iraq stretching back to the 1920s. Baghdad. Mar 19, 2025 · Iraq has officially endorsed an agreement with UK energy major BP for the development of four oilfields in the northern Kurdish Kirkuk region. Aug 2, 2024 · The results of field studies conducted by BP “were not encouraging for BP to extend its operations”, an unnamed official from Iraq’s North Oil Co. Jan 15, 2025 · BP is one of the biggest foreign players in Iraq’s oil sector, with a history of producing oil in the country dating back to the 1920s when it was still under British mandate. Iraq; Jan 17, 2025 · UK supermajor BP signed a deal with the Iraqi government on Tuesday to evaluate redevelopment of Kirkuk oil and gas fields, the Iraqi Prime Minister’s office said. The non-binding agreement, signed on Thursday, involves the rehabilitation and development of four oil fields in Kirkuk. Hayan Abdul Ghani, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil. While the agreement could create jobs and contribute to Iraq’s economy, stakeholders in Kirkuk are concerned about being excluded from the potential economic gains. The Mar 26, 2025 · An important deal between Iraq's Oil Ministry and BP was signed on Wednesday under the auspices of Prime Minister Mohammed Shia Al-Sudani. Aug 2, 2024 · bp and Iraq’s oil ministry signed a letter of intent in 2013 to study the development of the giant Kirkuk oilfield, but the deal was put on hold in 2014, according to a Reuters report. The two oil ministry officials told Reuters the contracts with BP to develop the BAGHDAD (AP) — Iraq and British energy giant BP have signed a memorandum of understanding to develop lucrative oil fields in the country’s north. Aug 1, 2024 · The non-binding MoU was signed in a meeting between Iraq Prime Minister H. Sep 29, 2022 · In 2021 bp received approximately 43,000 barrels a day of oil from Iraq in such allocations for fees and cost recovery; Rumaila produced around 1. Iraq to propose new plan to offset extra oil output ; Iraq makes huge oil discovery but faces Opec restrictions; Iraq must act fast to avoid a domestic energy crisis Dec 19, 2024 · Baghdad (IraqiNews. BP's High-Stakes Return to Kirkuk BP's reemergence in Kirkuk could present significant challenges to both the oil company and Al-Sudani's belief in the future of the country's political environment. Sudani, H. The stake is large, if low-margin, while recent discussions over Kirkuk – whose discovery in 1927 opened BP’s history in Iraq – offers growth, Robin Mills wrote in AGBI this month. This agreement represents a key step in negotiations for the integrated oil and gas redevelopment of several fields in the Kirkuk region, located in northern Iraq. com. Uncover why BP IRAQ is the best company for you. The oil ministry and BP are Feb 26, 2025 · The agreement follows a memorandum of understanding between BP and Iraq signed in July 2024 – of which technical terms were agreed in December and the majority of commercial terms agreed in Mar 27, 2025 · By John Lee. Feb 4, 2025 · BP is about to make a big bet on Iraq—again. Feb 25, 2025 · BP and Iraq's government have signed a deal to redevelop four Kirkuk oil and gas fields, marking a breakthrough for Iraq, where production has been hampered by years of war and corruption. April 21, 2025 . An overview of the Rumalia JV Safety: The Rumalia Way bp for Kirkuk Mar 10, 2025 · ERBIL, Kurdistan Region - Iraq’s oil ministry on Monday signed a landmark deal with British energy giant BP to develop four key oil fields in Kirkuk. Compare pay for popular roles and read about the team’s work-life balance. 2024 and the majority of commercial terms agreed in Jan. The Oil Ministry’s statement quotes BP’s president for the Middle East region, Michael Townshend, as saying that his company will conduct surveys and studies to increase production to 750,000 We use cookies to collect and analyse information on our site's performance and to enable the site to function. bp is a partner in the Rumaila field, the second-largest producing oilfield in the world, with PetroChina and Basra Oil Company. The deal could be signed by the first week of February, the minister told Reuters. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. Jan 15, 2025 · Iraq and British oil giant BP have agreed to evaluate and execute the redevelopment of four key oil and gas fields in Kirkuk, aiming to raise production by up to 150,000 bpd. The Western megadeals may stabilize Iraq’s oil ambitions and play a role in softening Baghdad–Erbil tensions. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nov 27, 2024 · BP will work closely with Iraq's Ministry of Oil to rehabilitate and expand production in key fields, including Baba and Avanah domes and three adjacent fields—Bai Hassan, Jambur, and Khabbaz—operated by the state-run North Oil Company (NOC). It also proposes to explore opportunities for investment in power Dec 19, 2024 · Dec 19 (Reuters) - British oil major BP , opens new tab on Thursday said it has reached a deal with the Iraqi government on the technical terms to redevelop the Kirkuk oil and gas fields. The mega-project covers petroleum production, the rehabilitation of existing facilities, the capture and use of natural gas produced alongside crude oil, and potential exploration projects. (NOC) told Reuters in the report published Feb 26, 2025 · UK supermajor BP’s deal to redevelop Iraq's Kirkuk oil and gas fields is “one of the most important transactions” for the company in the last 20 years, chief executive Murray Auchincloss Mar 11, 2025 · By John Lee. Dec 24, 2024 · Oil major BP has signed a preliminary letter of technical alignment with H. Feb 25, 2025 · BP expects the project to commence in 2025. The Minister of Oil, Hayan Abdul Ghani, and BP's CEO, Murray Auchincloss, signed the agreement. A memorandum of understanding (MoU) was signed in London to explore the comprehensive redevelopment of four oil fields in Kirkuk. The British oil major is likely to commit between $20 billion and $25 billion in a profit-sharing pact that will last more than 25 years, Reuters reported, quoting an unnamed senior Iraqi oil official. From 2013 to 2019 BP worked with the Ministry of Oil and NOC on technical studies exploring the potential for redevelopment at Kirkuk. S. The agreement on technical terms to redevelop Rumaila Operating Organization was founded by BP, PetroChina, the State Oil Marketing Organization (SOMO) and Basra Oil Company (BOC) (formerly South Oil Company (SOC)) in order to operate the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq, [1] which was discovered in 1953 and has been in operation since 1954, with extensive exploration and production since the late Mar 28, 2025 · BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new Dec 19, 2024 · BP’s history in Iraq actually stretches back to the 1920s when the company that would eventually come to be known as BP helped Iraq locate, produce, and export oil from Baba Gurgur, Kirkuk. Thursday’s step by BP and Iraq Feb 25, 2025 · bp and Iraq reach final agreement for redevelopment in Kirkuk Page | 3 to events and depend on circumstances that will or may occur in the future and are outside the control of bp. . Murray Auchincloss said: “This MoU builds on bp’s strategic and longstanding relationship with Iraq. Aug 5, 2024 · By John Lee. Feb 4, 2025 · The prospective BP agreement would be the second major deal between Iraq and an international oil company in as many years after an agreement in Basra with TotalEnergies, valued at around $27 billion. 2024 — of which technical terms were agreed in Dec. Aug 24, 2021 · Iraq approved on Tuesday approved BP Plc's plan to spin off its operations in the country, the government and BP said, as the British oil company looks to shift focus to low-carbon investments. The project holds the potential for enhanced oil output and renewable energy integration. Jan 31, 2025 · Following the 2003 invasion of Iraq by U. Kirkuk is Iraq will sign a massive deal with BP covering four Kirkuk oil and gas fields by early February that will exceed the value of TotalEnergies' $27bn Feb 25, 2025 · Iraq and energy giant BP finalised an agreement to develop oil fields in the northern province of Kirkuk, Iraqi authorities and the British company said Tuesday. E. Iraq's Ministry of Oil has signed an initial agreement with BP to develop four oilfields in Kirkuk. It is not government-owned and has decided to reinvest and expand Feb 4, 2025 · BAGHDAD (Reuters) -Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back foreign investment. Feb 25, 2025 · Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and We use cookies to collect and analyse information on our site's performance and to enable the site to function. BP (NYSE:BP) and Iraq's government will sign a major deal covering four Kirkuk oil and gas fields by the first week of February, which would be larger than a 2023 Jan 15, 2025 · Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain. We include the allocations we receive in our reporting. BP has estimated The goal is to increase production to well over 2 million barrels a day – and to do so safely, reliably and efficiently. British oil major BP aims to finalise an agreement to develop Iraq's Kirkuk oil field by February, CEO Murray Auchincloss (pictured) announced at the Energy Intelligence Forum. Aug 1, 2024 · By John Lee. The deals come amid ongoing tensions between the central Iraqi government May 8, 2018 · BP’s presence in Iraq actually began in Kirkuk in the 1920s when the company that is now known as BP helped Iraq to locate, produce, and export oil from Baba Gurgur, which was the largest oil Rumaila: Delivering for Iraq Rumaila is one of the largest producing fields in the world. ERBIL (Kurdistan24) – The British energy giant BP and Iraq’s Ministry of Oil have signed an agreement to develop and boost oil production from four major fields in Kirkuk, a move made without consultation with the Kurdistan Regional Government (KRG). Mar 24, 2025 · Iraq approved BP’s $25B contract to develop key Kirkuk oil fields. With estimated reserves of 20 billion barrels of oil equivalent and an initial target of three billion barrels, this project promises a significant feedstock surge. Aug 13, 2024 · BP plc (BP), the UK supermajor, has entered into a preliminary agreement with the government of Iraq to rehabilitate and develop four significant oil and gas fields in the northern Kirkuk region Feb 26, 2025 · The project is expected to start this year, with BP working with NOC and North Gas Company and a new operator to stabilise production. In June, BP and CNPC were the sole winners in Iraq’s first post-war licensing round with a bid which envisaged raising production to 2. Feb 5, 2025 · BP may invest up to $25 billion to redevelop four Kirkuk oil and gas fields in Iraq, according to a media report. The deal reflects Iraq's effort to modernise its oil sector and attract foreign investment, but also faces regional challenges and disputes. The agreement was formalised by Amer Khalil Ahmed, Director General of the North Oil Company (NOC), and Zaid Al-Yasiri, BP's Iraq Branch Manager, in the presence of Deputy Prime Minister and Minister of Oil Hayan Abdul Ghani Al-Sawad. Having been awarded a 10-year exclusive concession to supply and provide into-plane jet fuel services at Erbil International Airport (EBL/ ORER) in Northern Iraq in 2014, we are delighted to now be expanding our services and extending our concession at the Kurdistan hub to 2034 As the capital of the Feb 26, 2025 · The agreement was signed between Iraq’s state-owned North Oil Company and BP, Prime Minister Mohamed Shia al-Sudani’s media office said. Mar 26, 2025 · BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, the company said on Wednesday. Media reports have estimated the value of BP’s investment at $25 billion; BP has not confirmed that number. BP, which helped discover Kirkuk’s oil in the 1920s and estimates that the area holds about 9bn barrels of recoverable oil, already operates Iraq’s giant Rumaila Aug 25, 2021 · BP’s presence in Iraq dates back to the 1920s, when its forebears helped discover the Kirkuk field in the north of the country. The project is a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions, and a cornerstone of BP’s drive to refocus on its oil and gas business and away from renewables, according to Reuters. The investment spans oil, gas, power and water sectors, with Feb 26, 2025 · BP and Iraq finalised technical terms for the redevelopment of the project in December 2024. The Rumaila field is operated by the Rumaila Operating Organisation (ROO) under a Technical Service Contract (TSC) between Basra Oil Company (BOC) and Basra Energy Company Limited (BECL) – a joint venture company between PetroChina and bp – and the State Oil Marketing Organization (SOMO). “BP is a private company, and this is the most important point. Aug 2, 2024 · Iraq has signed a comprehensive memorandum of understanding with UK supermajor BP to redevelop the northern Kirkuk oil and gas fields. UK-based oil major BP has said that negotiations regarding an integrated redevelopment programme for the Kirkuk region are expected to be complete early in 2025. Dec 20, 2024 · BP also holds a 50 percent stake in a joint venture operating the Rumaila oilfield in southern Iraq, the country’s largest oil field. The agreement is subject to final governmental ratification and is expected to commence in 2025. alliances, bp's presence in Iraq resumed with a major stake in the Rumaila oilfield contract. Feb 4, 2025 · The prospective BP agreement would be the second major deal between Iraq and an international oil company in as many years after an agreement in Basra with TotalEnergies, opens new tab, valued at Aug 20, 2024 · Iraq and BP, which is returning after a nearly five-year absence, signed a preliminary agreement earlier this month to develop four oil and gas fields in northern Iraq's Kirkuk. The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. Iraq's Prime Minister, Mohammed S. Mar 12, 2025 · UK-based BP’s planned investment in developing several giant oil fields in Kirkuk could be worth as much as $25bn, including investments in oil, gas, power and water. Nov 28, 2024 · By John Lee. The Latest 23-03-2025 Iraq aims for 6 million bpd oil output by 2029: Oil Mar 26, 2025 · BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. The company has been in talks with the Iraqi Government over the deal since last year. The deal, which is the result of extensive negotiations Feb 26, 2025 · BP was a member of the consortium of oil companies that discovered oil in Kirkuk in the 1920s. After years of false starts, geopolitical chaos, and stalled negotiations, the British oil major is reportedly gearing up to invest up to $25 billion Feb 2, 2025 · By Shahriar Sheikhlar for the OilPrice. Menu. Mohammed Shia' Al Sudani, H. Mar 10, 2025 · Shafaq News/ On Monday, the Iraqi Ministry of Oil, represented by the North Oil Company (NOC) and the North Gas Company (NGC), signed a contract with British energy giant BP to develop the Kirkuk oil The Times reports that the Iraq deal will see BP develop four major gas and oilfields in the north, in Kirkuk, with up to 20 billion barrels equivalent of oil and gas being in the region. Iraqi Prime Minister Mohammed Shia' Al Sudani oversaw the signing of a comprehensive memorandum of understanding between Iraq's Ministry of Oil and BP to rehabilitate and develop four oil fields in Kirkuk. The MoU paves the way for the negotiation of "a material Feb 25, 2025 · The agreement follows a memorandum of understanding (MOU) between bp and Iraq signed in Jul. Aug 1, 2024 · ERBIL, Kurdistan Region - The Iraqi oil ministry and energy giant British Petroleum (BP) signed a “comprehensive” memorandum of understanding (MoU) on Thursday to rehab several state-owned oil Nov 28, 2024 · Furthermore, BP is the main contractor at the enormous Rumaila oil field in the Basra governorate in southern Iraq, which produces almost one-third of the country’s crude oil. The agreement, signed by North Oil Company (NOC) and North Gas Company (NGC), covers the development of the Avana and Baba domes of Kirkuk, Bai Hassan, Khabbaz, and Jambur fields. fjw nqwak soyr htcs rmkxq ibettsqa xuz dbfbyimw onntj xcxgep jxjkbnsq bzis rykeal aeh uekewjr
Bp iraq. 2024 — of which technical terms were agreed in Dec.
Bp iraq Get the latest business insights from Dun & Bradstreet. Actual results or outcomes, may differ materially from those expressed in such statements, Iraq aims to boost gas production and capture, with the aim of ending the wasteful and environmentally damaging practice of burning excess gas from oil production, known as flaring, by 2028. Jan 15, 2025 · Oli Scarff/Getty Images News. Feb 25, 2025 · BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern roots and should help to bolster Jan 19, 2025 · The MoU was signed on behalf of Iraq by the Director General of North Oil Company, Amer Khalil Ahmed, and on behalf of BP by the company’s Iraq Branch Manager, Zaid Al-Yasiri. Today its operations are focused on working in partnership with PetroChina and Basra Oil Company to develop Rumaila, the second-largest producing field in the world, estimated to have around 17 billion barrels of recoverable oil remaining. The agreement, signed between the Iraqi Oil Ministry's North Oil Company and BP, focuses on the development of the Bai Hassan, Avana, Jambur, and Khabbaz oil fields. BP will spend as much as $25B in a deal that will last more than 25 years. The The signing of the deal came after the two parties agreed on “technical issues and contractual terms, including the economic model of the project”, according to a statement published by Iraq’s state news agency. The company pulled out of the field last year. A final agreement is anticipated by the end of this year, although bp had previously stated that negotiations over the preliminary agreement might conclude early in 2025. Feb 25, 2025 · Iraq, BP sign deal to develop Kirkuk’s oilfields. Aug 20, 2024 · British Oil & Gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. 98% of oil revenues will go directly to the government and people of Iraq. Mar 26, 2025 · bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The fresh agreement follows a memorandum of understanding between BP and Iraq signed in July 2024 – of which technical terms were agreed in December and the majority of commercial terms agreed in January – together with previous work BP has done on the fields in Kirkuk from 2013 to 2019. V of South West of Basra. The investment is expected to deliver significant economic benefits to the Kirkuk region including job creation, improved local supply chain capabilities and broader Feb 26, 2025 · BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new Mar 31, 2010 · Notes to editors The Rumaila field is one of the world’s largest oilfields and currently produces just over one million barrels of oil a day. Subsequently, the company signed a $100 million agreement Feb 26, 2025 · By John Lee. Mar 26, 2025 · By Dler Mohammed. BP and Iraq reached a deal in December on the technical terms to redevelop the Kirkuk fields. 4 million barrels a day of oil in 2021. BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. Aug 1, 2024 · BAGHDAD, Aug 1 (Reuters) - Iraq has signed a preliminary agreement with Britain's BP , opens new tab to develop the northern Kirkuk oil and gas fields, the Iraqi prime minister's office said on Jan 15, 2025 · By John Lee. Aug 12, 2024 · BP and TotalEnergies have signed deals to invest in Iraq's oil sector, including the politically sensitive Kirkuk region. The signing ceremony on Feb 4, 2025 · BAGHDAD (Reuters) -Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Jan 28, 2025 · ERBIL, Kurdistan Region - British Petroleum’s (BP) Iraq branch chief on Tuesday said that the company’s new agreement to redevelop four key oilfields in Kirkuk province will bolster the local . Learn about bp's role, achievements and challenges in redeveloping and operating Rumaila since 2009. Provided the deal is signed, which the official said could be over the coming weeks, it would mark a breakthrough for Iraq, where output has been constrained Feb 27, 2025 · The BP-Iraq agreement centers on revitalizing Kirkuk's oil and gas fields: Baba, Avanah, Bai Hassan, Jambur, and Khabbaz, operated by NOC. BP has estimated the Kirkuk field holds about 9 billion barrels of recoverable oil. Jan 9, 2025 · And now into the scene steps UK oil and gas giant BP, having agreed on 19 December to the final terms to develop Iraq’s huge Kirkuk oil fields, which have an estimated 9 billion barrels of Jan 16, 2025 · UK oil and gas giant bp will sign a deal with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region in northern Iraq, according to Iraq’s Oil Minister Hayan Abdel-Ghani. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The memorandum of understanding (MOU) signed in August with Iraq's Oil Minister covers redeveloping the 20-billion-barrel field and adjacent sites, including gas, solar, and exploration Aug 21, 2024 · Iraq and BP, which is returning after a nearly five-year absence, signed a preliminary agreement earlier this month to develop four oil and gas fields in northern Iraq's Kirkuk. Feb 25, 2025 · Iraq, BP sign landmark agreement to boost Kirkuk’s oil sector. Hayan Abdul Ghani, Deputy PM for Energy Affairs and Minister of Oil, and bp chief executive Murray Auchincloss, together with Nader Zaki, bp regional president for Middle East and North Africa, and Zaid Elyaseri, bp President Iraq. The memorandum includes the rehabilitation Aug 21, 2024 · The officials disclosed that a confidentiality agreement is expected to be signed this week, enabling Iraq to provide bp with the necessary data for the fields and installations. Jan 29, 2025 · Hitchen said BP’s willingness to invest in Iraq is important. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. Dec 19, 2024 · BP Plc and the Iraqi government took another step toward reviving one of the OPEC member’s most prolific oil and gas resources, the Kirkuk field. Jan 15, 2025 · Finally, a notable point in this new BP contract in Iraq is the return to conventional energy, whereas the company's 2020 strategy report, it had indicated ending investment in conventional energy and allocating money for investment in renewable energy and reaching net zero by 2050 or earlier. Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites, including social networks. The Iraqi oil and gas expert Ali Khalil said: “The agreement with Iraq’s Ministry of Oil is expected to help revive output at the North Oil Company, which has struggled Dec 19, 2024 · BP Plc reached an agreement with the Iraqi government on technical terms to redevelop the prolific Kirkuk oil and gas fields, the company said Thursday. Find out what works well at BP IRAQ from the people who know best. com) – The Federal Government of Iraq and British Petroleum (BP) have reached a consensus on the essential details of the project to rehabilitate Kirkuk’s oil and gas Jan 14, 2025 · ERBIL, Kurdistan Region - British energy giant, British Petroleum (BP), will start working on the development of Kirkuk province’s oil and gas fields, the governor said on Tuesday. Find company research, competitor information, contact details & financial data for BP IRAQ N. The BP agreement indicates the economic potential of Kirkuk’s oil fields but also reveals considerable technical, security, and social challenges. 85 million barrels a day, in return for a $2 per barrel fee for the incremental production. Mar 27, 2025 · Iraq, on Wednesday, finalized a contract with the London-based oil major, BP, for the development and production of four Kirkuk oil fields. The cabinet gave its final approval to the multi-billion dollar contract at a meeting this week headed by Prime Minister Mohammed Al-Sudani, the official news agency said. 2025 — together with previous work bp has done on the fields in Kirkuk from 2013-2019. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for Feb 25, 2025 · bp will invest in several giant oil fields in Kirkuk, providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water. Oil producers welcome US-Iraq statements on oil exports resumption. Feb 26, 2025 · BP has finalised contractual terms with the Government of Iraq to invest in the redevelopment of several giant oilfields in Kirkuk. Jan 15, 2025 · BP’s board chairman, Helge Lund, and Iraq Prime Minister Mohammed Shia Al-Sudani were among those in attendance at Tuesday evening’s meeting in London, where the two sides signed the majority Feb 13, 2025 · Kirkuk Governor Rebwar Taha announced on Wednesday that BP’s agreement with the Iraqi government to operate in the province will boost the local economy and generate job opportunities for residents. Dec 20, 2024 · BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. BP will focus on rehabilitating facilities in four oilfields and developing natural gas to support Iraq’s domestic energy needs. Feb 25, 2025 · BP has a history in Iraq stretching back to the 1920s. Baghdad. Mar 19, 2025 · Iraq has officially endorsed an agreement with UK energy major BP for the development of four oilfields in the northern Kurdish Kirkuk region. Aug 2, 2024 · The results of field studies conducted by BP “were not encouraging for BP to extend its operations”, an unnamed official from Iraq’s North Oil Co. Jan 15, 2025 · BP is one of the biggest foreign players in Iraq’s oil sector, with a history of producing oil in the country dating back to the 1920s when it was still under British mandate. Iraq; Jan 17, 2025 · UK supermajor BP signed a deal with the Iraqi government on Tuesday to evaluate redevelopment of Kirkuk oil and gas fields, the Iraqi Prime Minister’s office said. The non-binding agreement, signed on Thursday, involves the rehabilitation and development of four oil fields in Kirkuk. Hayan Abdul Ghani, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil. While the agreement could create jobs and contribute to Iraq’s economy, stakeholders in Kirkuk are concerned about being excluded from the potential economic gains. The Mar 26, 2025 · An important deal between Iraq's Oil Ministry and BP was signed on Wednesday under the auspices of Prime Minister Mohammed Shia Al-Sudani. Aug 2, 2024 · bp and Iraq’s oil ministry signed a letter of intent in 2013 to study the development of the giant Kirkuk oilfield, but the deal was put on hold in 2014, according to a Reuters report. The two oil ministry officials told Reuters the contracts with BP to develop the BAGHDAD (AP) — Iraq and British energy giant BP have signed a memorandum of understanding to develop lucrative oil fields in the country’s north. Aug 1, 2024 · The non-binding MoU was signed in a meeting between Iraq Prime Minister H. Sep 29, 2022 · In 2021 bp received approximately 43,000 barrels a day of oil from Iraq in such allocations for fees and cost recovery; Rumaila produced around 1. Iraq to propose new plan to offset extra oil output ; Iraq makes huge oil discovery but faces Opec restrictions; Iraq must act fast to avoid a domestic energy crisis Dec 19, 2024 · Baghdad (IraqiNews. BP's High-Stakes Return to Kirkuk BP's reemergence in Kirkuk could present significant challenges to both the oil company and Al-Sudani's belief in the future of the country's political environment. Sudani, H. The stake is large, if low-margin, while recent discussions over Kirkuk – whose discovery in 1927 opened BP’s history in Iraq – offers growth, Robin Mills wrote in AGBI this month. This agreement represents a key step in negotiations for the integrated oil and gas redevelopment of several fields in the Kirkuk region, located in northern Iraq. com. Uncover why BP IRAQ is the best company for you. The oil ministry and BP are Feb 26, 2025 · The agreement follows a memorandum of understanding between BP and Iraq signed in July 2024 – of which technical terms were agreed in December and the majority of commercial terms agreed in Mar 27, 2025 · By John Lee. Feb 4, 2025 · BP is about to make a big bet on Iraq—again. Feb 25, 2025 · BP and Iraq's government have signed a deal to redevelop four Kirkuk oil and gas fields, marking a breakthrough for Iraq, where production has been hampered by years of war and corruption. April 21, 2025 . An overview of the Rumalia JV Safety: The Rumalia Way bp for Kirkuk Mar 10, 2025 · ERBIL, Kurdistan Region - Iraq’s oil ministry on Monday signed a landmark deal with British energy giant BP to develop four key oil fields in Kirkuk. Compare pay for popular roles and read about the team’s work-life balance. 2024 and the majority of commercial terms agreed in Jan. The Oil Ministry’s statement quotes BP’s president for the Middle East region, Michael Townshend, as saying that his company will conduct surveys and studies to increase production to 750,000 We use cookies to collect and analyse information on our site's performance and to enable the site to function. bp is a partner in the Rumaila field, the second-largest producing oilfield in the world, with PetroChina and Basra Oil Company. The deal could be signed by the first week of February, the minister told Reuters. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. Jan 15, 2025 · Iraq and British oil giant BP have agreed to evaluate and execute the redevelopment of four key oil and gas fields in Kirkuk, aiming to raise production by up to 150,000 bpd. The Western megadeals may stabilize Iraq’s oil ambitions and play a role in softening Baghdad–Erbil tensions. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Nov 27, 2024 · BP will work closely with Iraq's Ministry of Oil to rehabilitate and expand production in key fields, including Baba and Avanah domes and three adjacent fields—Bai Hassan, Jambur, and Khabbaz—operated by the state-run North Oil Company (NOC). It also proposes to explore opportunities for investment in power Dec 19, 2024 · Dec 19 (Reuters) - British oil major BP , opens new tab on Thursday said it has reached a deal with the Iraqi government on the technical terms to redevelop the Kirkuk oil and gas fields. The mega-project covers petroleum production, the rehabilitation of existing facilities, the capture and use of natural gas produced alongside crude oil, and potential exploration projects. (NOC) told Reuters in the report published Feb 26, 2025 · UK supermajor BP’s deal to redevelop Iraq's Kirkuk oil and gas fields is “one of the most important transactions” for the company in the last 20 years, chief executive Murray Auchincloss Mar 11, 2025 · By John Lee. Dec 24, 2024 · Oil major BP has signed a preliminary letter of technical alignment with H. Feb 25, 2025 · BP expects the project to commence in 2025. The Minister of Oil, Hayan Abdul Ghani, and BP's CEO, Murray Auchincloss, signed the agreement. A memorandum of understanding (MoU) was signed in London to explore the comprehensive redevelopment of four oil fields in Kirkuk. The British oil major is likely to commit between $20 billion and $25 billion in a profit-sharing pact that will last more than 25 years, Reuters reported, quoting an unnamed senior Iraqi oil official. From 2013 to 2019 BP worked with the Ministry of Oil and NOC on technical studies exploring the potential for redevelopment at Kirkuk. S. The agreement on technical terms to redevelop Rumaila Operating Organization was founded by BP, PetroChina, the State Oil Marketing Organization (SOMO) and Basra Oil Company (BOC) (formerly South Oil Company (SOC)) in order to operate the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq, [1] which was discovered in 1953 and has been in operation since 1954, with extensive exploration and production since the late Mar 28, 2025 · BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new Dec 19, 2024 · BP’s history in Iraq actually stretches back to the 1920s when the company that would eventually come to be known as BP helped Iraq locate, produce, and export oil from Baba Gurgur, Kirkuk. Thursday’s step by BP and Iraq Feb 25, 2025 · bp and Iraq reach final agreement for redevelopment in Kirkuk Page | 3 to events and depend on circumstances that will or may occur in the future and are outside the control of bp. . Murray Auchincloss said: “This MoU builds on bp’s strategic and longstanding relationship with Iraq. Aug 5, 2024 · By John Lee. Feb 4, 2025 · The prospective BP agreement would be the second major deal between Iraq and an international oil company in as many years after an agreement in Basra with TotalEnergies, valued at around $27 billion. 2024 — of which technical terms were agreed in Dec. Aug 24, 2021 · Iraq approved on Tuesday approved BP Plc's plan to spin off its operations in the country, the government and BP said, as the British oil company looks to shift focus to low-carbon investments. The project holds the potential for enhanced oil output and renewable energy integration. Jan 31, 2025 · Following the 2003 invasion of Iraq by U. Kirkuk is Iraq will sign a massive deal with BP covering four Kirkuk oil and gas fields by early February that will exceed the value of TotalEnergies' $27bn Feb 25, 2025 · Iraq and energy giant BP finalised an agreement to develop oil fields in the northern province of Kirkuk, Iraqi authorities and the British company said Tuesday. E. Iraq's Ministry of Oil has signed an initial agreement with BP to develop four oilfields in Kirkuk. It is not government-owned and has decided to reinvest and expand Feb 4, 2025 · BAGHDAD (Reuters) -Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back foreign investment. Feb 25, 2025 · Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and We use cookies to collect and analyse information on our site's performance and to enable the site to function. BP (NYSE:BP) and Iraq's government will sign a major deal covering four Kirkuk oil and gas fields by the first week of February, which would be larger than a 2023 Jan 15, 2025 · Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain. We include the allocations we receive in our reporting. BP has estimated The goal is to increase production to well over 2 million barrels a day – and to do so safely, reliably and efficiently. British oil major BP aims to finalise an agreement to develop Iraq's Kirkuk oil field by February, CEO Murray Auchincloss (pictured) announced at the Energy Intelligence Forum. Aug 1, 2024 · By John Lee. The deals come amid ongoing tensions between the central Iraqi government May 8, 2018 · BP’s presence in Iraq actually began in Kirkuk in the 1920s when the company that is now known as BP helped Iraq to locate, produce, and export oil from Baba Gurgur, which was the largest oil Rumaila: Delivering for Iraq Rumaila is one of the largest producing fields in the world. ERBIL (Kurdistan24) – The British energy giant BP and Iraq’s Ministry of Oil have signed an agreement to develop and boost oil production from four major fields in Kirkuk, a move made without consultation with the Kurdistan Regional Government (KRG). Mar 24, 2025 · Iraq approved BP’s $25B contract to develop key Kirkuk oil fields. With estimated reserves of 20 billion barrels of oil equivalent and an initial target of three billion barrels, this project promises a significant feedstock surge. Aug 13, 2024 · BP plc (BP), the UK supermajor, has entered into a preliminary agreement with the government of Iraq to rehabilitate and develop four significant oil and gas fields in the northern Kirkuk region Feb 26, 2025 · The project is expected to start this year, with BP working with NOC and North Gas Company and a new operator to stabilise production. In June, BP and CNPC were the sole winners in Iraq’s first post-war licensing round with a bid which envisaged raising production to 2. Feb 5, 2025 · BP may invest up to $25 billion to redevelop four Kirkuk oil and gas fields in Iraq, according to a media report. The deal reflects Iraq's effort to modernise its oil sector and attract foreign investment, but also faces regional challenges and disputes. The agreement was formalised by Amer Khalil Ahmed, Director General of the North Oil Company (NOC), and Zaid Al-Yasiri, BP's Iraq Branch Manager, in the presence of Deputy Prime Minister and Minister of Oil Hayan Abdul Ghani Al-Sawad. Having been awarded a 10-year exclusive concession to supply and provide into-plane jet fuel services at Erbil International Airport (EBL/ ORER) in Northern Iraq in 2014, we are delighted to now be expanding our services and extending our concession at the Kurdistan hub to 2034 As the capital of the Feb 26, 2025 · The agreement was signed between Iraq’s state-owned North Oil Company and BP, Prime Minister Mohamed Shia al-Sudani’s media office said. Mar 26, 2025 · BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, the company said on Wednesday. Media reports have estimated the value of BP’s investment at $25 billion; BP has not confirmed that number. BP, which helped discover Kirkuk’s oil in the 1920s and estimates that the area holds about 9bn barrels of recoverable oil, already operates Iraq’s giant Rumaila Aug 25, 2021 · BP’s presence in Iraq dates back to the 1920s, when its forebears helped discover the Kirkuk field in the north of the country. The project is a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions, and a cornerstone of BP’s drive to refocus on its oil and gas business and away from renewables, according to Reuters. The investment spans oil, gas, power and water sectors, with Feb 26, 2025 · BP and Iraq finalised technical terms for the redevelopment of the project in December 2024. The Rumaila field is operated by the Rumaila Operating Organisation (ROO) under a Technical Service Contract (TSC) between Basra Oil Company (BOC) and Basra Energy Company Limited (BECL) – a joint venture company between PetroChina and bp – and the State Oil Marketing Organization (SOMO). “BP is a private company, and this is the most important point. Aug 2, 2024 · Iraq has signed a comprehensive memorandum of understanding with UK supermajor BP to redevelop the northern Kirkuk oil and gas fields. UK-based oil major BP has said that negotiations regarding an integrated redevelopment programme for the Kirkuk region are expected to be complete early in 2025. Dec 20, 2024 · BP also holds a 50 percent stake in a joint venture operating the Rumaila oilfield in southern Iraq, the country’s largest oil field. The agreement is subject to final governmental ratification and is expected to commence in 2025. alliances, bp's presence in Iraq resumed with a major stake in the Rumaila oilfield contract. Feb 4, 2025 · The prospective BP agreement would be the second major deal between Iraq and an international oil company in as many years after an agreement in Basra with TotalEnergies, opens new tab, valued at Aug 20, 2024 · Iraq and BP, which is returning after a nearly five-year absence, signed a preliminary agreement earlier this month to develop four oil and gas fields in northern Iraq's Kirkuk. The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. Iraq's Prime Minister, Mohammed S. Mar 12, 2025 · UK-based BP’s planned investment in developing several giant oil fields in Kirkuk could be worth as much as $25bn, including investments in oil, gas, power and water. Nov 28, 2024 · By John Lee. The Latest 23-03-2025 Iraq aims for 6 million bpd oil output by 2029: Oil Mar 26, 2025 · BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. The company has been in talks with the Iraqi Government over the deal since last year. The deal, which is the result of extensive negotiations Feb 26, 2025 · BP was a member of the consortium of oil companies that discovered oil in Kirkuk in the 1920s. After years of false starts, geopolitical chaos, and stalled negotiations, the British oil major is reportedly gearing up to invest up to $25 billion Feb 2, 2025 · By Shahriar Sheikhlar for the OilPrice. Menu. Mohammed Shia' Al Sudani, H. Mar 10, 2025 · Shafaq News/ On Monday, the Iraqi Ministry of Oil, represented by the North Oil Company (NOC) and the North Gas Company (NGC), signed a contract with British energy giant BP to develop the Kirkuk oil The Times reports that the Iraq deal will see BP develop four major gas and oilfields in the north, in Kirkuk, with up to 20 billion barrels equivalent of oil and gas being in the region. Iraqi Prime Minister Mohammed Shia' Al Sudani oversaw the signing of a comprehensive memorandum of understanding between Iraq's Ministry of Oil and BP to rehabilitate and develop four oil fields in Kirkuk. The MoU paves the way for the negotiation of "a material Feb 25, 2025 · The agreement follows a memorandum of understanding (MOU) between bp and Iraq signed in Jul. Aug 1, 2024 · ERBIL, Kurdistan Region - The Iraqi oil ministry and energy giant British Petroleum (BP) signed a “comprehensive” memorandum of understanding (MoU) on Thursday to rehab several state-owned oil Nov 28, 2024 · Furthermore, BP is the main contractor at the enormous Rumaila oil field in the Basra governorate in southern Iraq, which produces almost one-third of the country’s crude oil. The agreement, signed by North Oil Company (NOC) and North Gas Company (NGC), covers the development of the Avana and Baba domes of Kirkuk, Bai Hassan, Khabbaz, and Jambur fields. fjw nqwak soyr htcs rmkxq ibettsqa xuz dbfbyimw onntj xcxgep jxjkbnsq bzis rykeal aeh uekewjr