Prime Minister Mohammed Shiaa al-Sudani sponsored the signing ceremony of a comprehensive petroleum memorandum of understanding between the Ministry of Oil and the British Petroleum Company (BP) to develop Kirkuk fields for oil and gas production.

A statement from the Prime Minister’s Office stated that: “Deputy Prime Minister for Energy Affairs, Minister of Oil Hayyan Abdul-Ghani, signed from Iraqi side while the CEO of BP, Murray Auchincloss, signed on behalf of the company.”

The statement added, “The memorandum of understanding includes the rehabilitation and development of the four fields of the North Oil Company in Kirkuk, which are the Kirkuk field with its two domes (Baba and Avana), Bai Hassan field, Jambur field and Khabbaz field, as well as the possibility of agreeing on other fields or exploration areas by agreement of the two parties, in light of the government’s endeavor to optimally invest in promising opportunities in the field of energy, with the aim of increasing and enhancing oil productio
n and gas and solar energy investments in this region.”

Source: National Iraqi News Agency