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Oil Minister: Signing a contract with BP to develop northern oil fields and increase production to 450,000 barrels per day

2/26/2025

Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, announced the signing of a contract with BP to develop the northern oil fields and increase production to 450 thousand barrels per day.

 

Hayyan said in a statement received by {Euphrates News}, a copy of which, that: “The agreement that was signed yesterday with the British company BP was an agreement on the contractual terms that will be included in the contract that is expected to be signed in the coming days.”
He explained that "signing the contract will be an achievement for the Iraqi government and that the process of developing the four fields in the North Oil Company has great benefits, which will contribute to increasing the production rates from the fields to 450 thousand barrels per day, and maintaining production at these levels within the contractual period, in addition to ensuring investment and rehabilitation of gas facilities to produce no less than 400 cubic meters of gas."
It is noteworthy that the fields that will be developed by the North Oil Company according to the agreement with BP are: Bai Hassan field, Kirkuk field, Jambur field, and Khabbaz field.

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