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Baghdad economy hopes to close agreement with "BP" to develop the fields of Kirkuk[/size]
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53 minutes ago
Baghdad economy hopes to close agreement with "BP" to develop the fields of Kirkuk[/size]
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53 minutes ago
Iraqi Oil Minister Jabbar Ali Al-Allaibi on Monday called on the British company BP to activate cooperation on the development of oil fields in the province of Kirkuk, expressing his hope to reach a close agreement in this regard.
This came during a meeting with the Executive Director of the British company Michael Townsend, according to a statement of the Ministry of response to the twilight News.
Al-Allaibi said that "the ministry offered Bp to activate the previous cooperation on the development of oil fields in the province and to achieve an increase in oil production exceeding the rates of 700 thousand barrels per day," expressing his hope "to reach a deal soon."
Al-Allaibi called on the company to "develop a road map and the programs and studies necessary to achieve the objectives of the ministry."
"The company enjoys excellent relations with the Iraqi oil sector and the company is ready to cooperate with the ministry and dialogues continue in this regard," the statement quoted Townsend as saying.
He pointed out "the formation of a joint working group to assess and study the general situation and the organization of visits and surveys of oil fields in the province."
Baghdad had signed an initial agreement with the British company in 2013 to develop the fields of Kirkuk amid the opposition of the Kurdistan Regional Government as the province disputed. Arbil says any agreement should not be isolated.
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