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Iraqi oil minister asks BP to develop Kirkuk oilfields, oil ministry says

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Iraqi oil minister asks BP to develop Kirkuk oilfields, oil ministry says

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BAGHDAD (Reuters) – Iraqi Oil Minister Jabar al-Luaibi has asked BP <BP.L> ‘‘to quickly make plans to develop the Kirkuk oifields,’‘ an oil ministry statement said on Wednesday. Iraqi government forces on Monday took control of the oil-rich region of Kirkuk from Kurdish peshmerga fighters who had occupied the area in 2-14, in the course of the war on Islamic State. BP says on its website it has provided technical assistance in the past to the Iraqi state-owned North Oil Company to aid the redevelopment of the Kirkuk field. Kirkuk is estimated to have around 9 billion barrels of recoverable oil remaining, according to BP.

(Reporting by Maher Chmaytelli. Editing by Jane Merriman)
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