BP CEO Murray Auchincloss struck an optimistic tone this week regarding ongoing negotiations with Iraq for a contract to re-develop the aging Kirkuk oilfield in the north of the country. “We’re in the final throes of the negotiations now” he told BP’s 2024 results call on 11 February (MEES, 14 February).
The company says it has finalized “the majority of commercial terms,” but it is unclear whether this was in reference to the ‘technical terms’ agreed in late December (MEES, 20 December 2024) or the subsequent MoU signed during Iraqi PM Mohammed al-Sudani’s visit to London last month (MEES, 17 January). (CONTINUED - 480 WORDS)
