The Iraqi government has entered into a significant agreement with British Petroleum (BP) aimed at the rehabilitation and development of four oil fields in Kirkuk. This agreement was formalized on Tuesday, under the auspices of government officials.
A statement released by the Prime Minister’s Office confirmed that this agreement follows extensive negotiations with the Ministry of Oil, reflecting the government’s commitment to optimizing energy investments. The initiative is designed to enhance crude oil supply to northern refineries while decreasing reliance on southern oil. Notably, this agreement sets the stage for a permanent contract in the near future.
The scope of the agreement encompasses the development of four key Kirkuk fields: Bay Hassan, Kirkababa, Baba, and Afana, as well as Jumbour and Khabbaz. This project is strategically crafted to utilize accompanying gas, in addition to rehabilitating and expanding the gas facilities of the North Gas Company. Furthermore, it includes plans to establish a 400-megawatt power station, aiming to deliver the intended benefits of this comprehensive strategic endeavor.
The project is expected to generate a wide array of employment opportunities across various specialties, engage local companies in operations, and implement social benefit projects. It is also designed to enhance engineering and technical skills among workers, supporting the Northern Oil Company and North Gas Company. This initiative aligns with the government’s broader vision focused on training programs and improving competencies, with collaboration from British Petroleum and the Ministry of Oil.
