BP to Help Iraq Boost Oil Flow at Fields Retaken From Kurds
- Iraq plans to boost Kirkuk capacity to as much as 750,000 b/d
- Government recaptured oil-rich Kirkuk from Kurds in October
An Iraqi oil employee checks pipelines at the Bai Hassan oil field, west of the multi-ethnic northern Iraqi city of Kirkuk,
Photographer: Ahmad al-Rubaye/AFP/Getty Images
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BP Plc agreed to help increase crude production at northern Iraq’s Kirkuk fields as the government pushes to restore output and exporting capacity after recapturing the oil-rich region from semi-autonomous Kurdish forces in October.
Iraqi and BP officials signed an agreement in Kirkuk city on Thursday to study ways of boosting capacity at the fields to 700,000 to 750,000 barrels a day. The deposits, which include the country’s oldest field, currently can pump about 450,000 barrels a day.