KIRKUK / NINA / An oil source announced that BP will return to work in Kirkuk after the stoppage of work since the events of June 2014 ..
The source said in a press statement: "The company had reached an understanding with the Iraqi Oil Ministry and the provincial government allows it to work again develop / KIRKUK / oil field after it stopped working due to the June 2014 events and the control of the organization Daesh over large areas south and west of Kirkuk and the dispute between Baghdad and Erbil. "
He added: "The meetings, held recently between BP and the new oil minister and officials in Kurdistan region and officials in Kirkuk, yielded understandings ensure the return of the company to work."
The source said: "The survey was completed fully and the British company already now has a contract to develop the Kirkuk oil field for 20 years in return of two dollars for each barrel extracted oil."
He added: "The wells, located near the border of the Kurdistan region, including the Dome of Khurmal, will be managed by the province, but the Oil Ministry will oversee the production."
He explained that "the field is now producing 60,000 barrels, and it is expected to reach production after the development in three years to 500,000 barrels."/ End
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