bp: MoU with Iraqi government

(CercleFinance.com) - bp announced that it has signed a memorandum of understanding with the Iraqi government to negotiate an integrated redevelopment program for the Kirkuk region, encompassing investments in oil and gas, power generation and solar energy, as well as broader exploration activities.


This MoU builds on BP's long-standing and strategic relationship with Iraq. We see today's signing as an important step towards the further potential development of this critically important region, bp said.

The MoU signed today for Kirkuk includes the Baba and Avanah domes and three adjacent fields - Bai Hassan, Jambur and Khabbaz - in Federal Iraq, which are operated by the Iraqi government's North Oil Company (NOC).


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