BP in Talks to Pump at Iraq Kirkuk Oil Field, Official Says
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BP Plc is in talks aimed at boosting production at Iraq’s Kirkuk oil field, an Iraqi official said, as the country’s crude exports reached a three-month high of 2.2 million barrels a day.
BP is the “most competent” of the companies bidding to raise output at Kirkuk by 300,000 barrels a day, more than double the field’s current production, Hussain Gholam, the deputy director general of Iraq’s North Oil Co., said in an interview in Baghdad today. If successful, BP would become the first foreign company to develop one of the country’s oldest deposits, which now yields 280,000 barrels a day.