Wednesday, 28 August 2013

BP set to sign deal to revive Iraq's Kirkuk oilfield

cnbc.com - LONDON, Aug 28 (Reuters) - BP expects to sign an initial deal in early September to revive Iraq's northern Kirkuk oilfield, an industry source said, a move that could affect regional politics because the field straddles the border with the autonomous Kurdish region.A deal at Kirkuk would allow the British major - already at work at Iraq's biggest producer, Rumaila, in southern Iraq - to negotiate access to significant reserves in the north.

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