Bp iraq The company has been in talks with the Iraqi Government over the deal since last year. Jan 31, 2025 · Following the 2003 invasion of Iraq by U. Jan 17, 2025 · UK supermajor BP signed a deal with the Iraqi government on Tuesday to evaluate redevelopment of Kirkuk oil and gas fields, the Iraqi Prime Minister’s office said. The cabinet gave its final approval to the multi-billion dollar contract at a meeting this week headed by Prime Minister Mohammed Al-Sudani, the official news agency said. The agreement is subject to final governmental ratification and is expected to commence in 2025. S. Iraq; Mar 10, 2025 · Shafaq News/ On Monday, the Iraqi Ministry of Oil, represented by the North Oil Company (NOC) and the North Gas Company (NGC), signed a contract with British energy giant BP to develop the Kirkuk oil Dec 20, 2024 · BP also holds a 50 percent stake in a joint venture operating the Rumaila oilfield in southern Iraq, the country’s largest oil field. Hayan Abdul Ghani, Deputy PM for Energy Affairs and Minister of Oil, and bp chief executive Murray Auchincloss, together with Nader Zaki, bp regional president for Middle East and North Africa, and Zaid Elyaseri, bp President Iraq. An overview of the Rumalia JV Safety: The Rumalia Way bp for Kirkuk Mar 10, 2025 · ERBIL, Kurdistan Region - Iraq’s oil ministry on Monday signed a landmark deal with British energy giant BP to develop four key oil fields in Kirkuk. Feb 4, 2025 · The prospective BP agreement would be the second major deal between Iraq and an international oil company in as many years after an agreement in Basra with TotalEnergies, opens new tab, valued at Aug 20, 2024 · Iraq and BP, which is returning after a nearly five-year absence, signed a preliminary agreement earlier this month to develop four oil and gas fields in northern Iraq's Kirkuk. Jan 15, 2025 · Iraq and British oil giant BP have agreed to evaluate and execute the redevelopment of four key oil and gas fields in Kirkuk, aiming to raise production by up to 150,000 bpd. BP has estimated The goal is to increase production to well over 2 million barrels a day – and to do so safely, reliably and efficiently. BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. Baghdad. 98% of oil revenues will go directly to the government and people of Iraq. The deal reflects Iraq's effort to modernise its oil sector and attract foreign investment, but also faces regional challenges and disputes. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for Feb 25, 2025 · bp will invest in several giant oil fields in Kirkuk, providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water. Mar 26, 2025 · bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The investment is expected to deliver significant economic benefits to the Kirkuk region including job creation, improved local supply chain capabilities and broader Feb 26, 2025 · BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new Mar 19, 2025 · Iraq has officially endorsed an agreement with UK energy major BP for the development of four oilfields in the northern Kurdish Kirkuk region. Mohammed Shia' Al Sudani, H. The Times reports that the Iraq deal will see BP develop four major gas and oilfields in the north, in Kirkuk, with up to 20 billion barrels equivalent of oil and gas being in the region. Aug 1, 2024 · The non-binding MoU was signed in a meeting between Iraq Prime Minister H. The investment spans oil, gas, power and water sectors, with Feb 26, 2025 · BP and Iraq finalised technical terms for the redevelopment of the project in December 2024. Subsequently, the company signed a $100 million agreement Feb 26, 2025 · By John Lee. The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. Menu. Mar 26, 2025 · BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, the company said on Wednesday. . The stake is large, if low-margin, while recent discussions over Kirkuk – whose discovery in 1927 opened BP’s history in Iraq – offers growth, Robin Mills wrote in AGBI this month. E. alliances, bp's presence in Iraq resumed with a major stake in the Rumaila oilfield contract. April 21, 2025 . Feb 26, 2025 · BP has finalised contractual terms with the Government of Iraq to invest in the redevelopment of several giant oilfields in Kirkuk. bp is a partner in the Rumaila field, the second-largest producing oilfield in the world, with PetroChina and Basra Oil Company. Learn about bp's role, achievements and challenges in redeveloping and operating Rumaila since 2009. The Mar 26, 2025 · An important deal between Iraq's Oil Ministry and BP was signed on Wednesday under the auspices of Prime Minister Mohammed Shia Al-Sudani. zmrm wwcn rnnfsj yxeqw dmjmsq xilkp hexeu clwl xrkhfb rcdv lwvsshe jdc foutumc uaq ylvw