Turkey and BP Reshape the Balance of Power in Northern Iraq

These production figures look eminently realistic, as the five fields are already estimated to hold up to 9 billion barrels of oil reserves, although these are very conservative estimates, a senior source who works closely with Iraq’s Oil Ministry exclusively told OilPrice.com last year. “There’s at least another eleven or twelve billion barrels across the near surrounding area, and possibly much more,” he underlined. As with TPAO, BP’s efforts will not just be on oil development but also on capturing the g ...