BP, Iraq to Rehabilitate Kirkuk Oilfields After Years of Disputes

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. This deal marks a renewed effort to boost production and reverse the decline in one of Iraq's most historically important oilfields. A New Chapter for Kirkuk's Oilfields The agreement followed a previous deal from 2013, which was focused on developing the giant Kirkuk field. However, it was put on hold due to the ...