BP in Talks to Boost Output at Kirkuk Field

Source: Bloomberg 2/24/2012, Location: Middle East

BP Plc is in talks with Iraq to boost output from the Kirkuk oilfield in the north of the country, the Middle East Economic Survey reported, without saying where it got the information.

BP officials will meet with Iraq’s North Oil Co. within weeks to discuss increasing capacity at Kirkuk to as much as 700,000 barrels a day over the next five years, from about 260,000 a day, MEES said. Iraq’s oil minister, Abdul Kareem Al- Luaibi, met with BP executives in London on Feb. 22 after the company expressed an interest in the field, MEES said.


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