bp to sign redevelopment deal for Kirkuk oil and gas fields in Iraq
UK oil and gas giant bp is set to sign an agreement with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region of northern Iraq. The deal could be signed by early February, as stated by Iraq’s Oil Minister Hayan Abdel-Ghani to Reuters. The project aims to increase the production capacity of the fields from 350,000 barrels per day (bpd) to 500,000 bpd, supplying under-utilised northern refineries. According to…