Iraq, BP sign deal to lift output capacity in northern Kirkuk oilfields

BP officials signed an agreement with Iraqi officials to study ways of boosting capacity at the fields to 700,000 to 750,000 barrels a day. (Reuters)

BAGHDAD: Iraq signed a memorandum of understanding with BP on Thursday to boost production capacity from the northern Kirkuk oilfields, which were taken back in October by Iraqi government forces, an Iraqi oil official said.
Oil Minister Jabar Al-Luaibi and BP’s president for the Middle East region, Michael Townshend, attended the signing ceremony at the offices of the Iraqi state-run North Oil Company which operates the fields, in Kirkuk, the official said.