PM Sponsors the Signing Ceremony of a Contract with BP to Develop and Produce the Four Kirkuk Oil Fields

Baghdad – INA

Prime Minister Mohammed Shia al-Sudani sponsored the signing ceremony of a contract with the British company BP regarding the development and production project for the four Kirkuk oil fields.

The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA), "Prime Minister Mohammed Shia al-Sudani sponsored the signing ceremony of a contract between the Ministry of Oil and the British company BP regarding the development and production project for the four Kirkuk oil fields, namely (Kirkuk with its two domes (Baba and Avana), Bai Hassan, Jambur, and Khabbaz)."

The contract, according to the statement, includes "the rehabilitation and development of the four fields to enhance hydrocarbon reserves, increase crude oil production rates with the goal of reaching a peak production rate of (420) thousand barrels/day, and invest in associated gas by rehabilitating and expanding the North Gas Company's facilities to produce (400) million standard cubic feet/day, and constructing a power plant with a capacity of 400 megawatts."

The statement added, "The project will contribute to stopping the continued burning of gas associated with crude oil production by utilizing it optimally, providing the fuel needed for power plants, and absorbing a workforce of various specialties and developing the technical and engineering cadres working there."