BP signed an agreement with Baghdad for 20 years on a disputed oil field

Thursday, September 12 / September 2013 10:02


Twilight News / officials in the North Oil Company, on Thursday, the British oil company British Petroleum (BP) signed a contract with Baghdad over oil field disputed between the government and the Kurdistan Region, pointed out that the contract being for over 20 years.



Said a senior official in the North Oil Company, the Iraqi National Press sources pursued "Twilight News", that "the agreement was to do (BP) scans on the Kirkuk field, which will lead to increased production in this field," noting, "The contract provides for the conduct Survey of oil field and that the company is undertaking these studies within a period of 18 months. "

He added that "after the submission of the report and to make sure the potential to increase production in the field, will be the signing of the contract on the 20-year-old," adding that "under this contract will get (BP) on U.S. two dollars for every barrel is produced."

For his part, a spokesman for BP in London told AFP "assure امتلاكنا the letter on this contract."

The development of this oil field goal of the Iraqi government wishing to increase its oil production to finance the reconstruction of the country.

Observers point out that this agreement to the chagrin of authorities Kurdish, ملمحين that there are problems of several between the government in Baghdad and the Kurdistan region of Iraq, especially in relation to the sharing of oil revenues and the sovereignty of the region around Kirkuk, an oil-rich area wants Kurds annexed to Kurdistan, according to observers .

The Kirkuk's oil field produces   270 thousand barrels per day, is expected to increase production under this contract to 500 thousand during the three years.

And condemned the spokesman of the Ministry of Natural Resources in Kurdistan this agreement, and said that "the Kurdistan Regional Government of Iraq rejects any agreement contrary to the Constitution nor in the interest of Iraq," adding that he "will not allow any company to operate in the disputed territories" without "formal agreement and the participation of government of Kurdistan. "



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