The terms of the Rumaila bidding round were less favourable than the Kirkuk deal, Auchincloss revealed on Wednesday, noting “everyone bid too low.” Returns had also been depressed amid ...

BP plc BP, the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk ... venture that operates the Rumaila oilfield in southern Iraq.

The company believes that Kirkuk has significant potential and expects the field to contain nearly 9 billion barrels of recoverable oil. In addition, BP is a 50% stakeholder in the joint venture that ...

BP has signed a significant agreement with Iraq to redevelop four oil and gas fields in Kirkuk, aiming to increase production and support domestic energy needs. The project involves an investment of ...

Iraq and BP have signed a significant agreement to redevelop Kirkuk's oil and gas fields. This development aims to increase oil output that has been restricted due to years of conflict and instability ...

Iraq and oil major BP BP.L signed a deal to redevelop four Kirkuk oil and gas fields, Iraq’s state news agency reported on Tuesday. The deal marks a breakthrough for Iraq, where output has been ...

BP has estimated that the Kirkuk field holds about 9 billion barrels of recoverable oil. The company holds a 50% stake in a joint venture operating the giant Rumaila oilfield in the south of the ...

UK-based international oil and gas giant BP announced on Tuesday that it reached agreement on all contractual terms with the Government of Iraq to invest in several giant oil fields in Kirkuk. The ...

Iraq and oil major BP signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday. The deal marks a breakthrough for Iraq, where output has been constrained ...

BP has estimated that the Kirkuk field holds about 9 billion barrels of recoverable oil. The company holds a 50% stake in a joint venture operating the giant Rumaila oilfield in the south of the ...

BP estimates that the Kirkuk oil field contains about 9 billion barrels worth of recoverable crude. The company has a 50% share in a joint-venture that operates the Rumaila oilfield, located in the ...