24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

BP to Develop Iraqi Oil Field Near Kurdistan

BP's deal to develop an Iraqi oilfield that straddles the border with the autonomous Kurdish region puts it in the front line of a sectarian stand-off, in which rivals and its former CEO have chosen the other side.

Under the draft agreement revealed by Reuters on Wednesday, BP will undertake work to arrest declining production at the Kirkuk oilfield.

Source: Reuters. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.