Iraq, BP to Sign Deal to Raise Kirkuk Oil Output -Reuters

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Iraq plans to sign a deal with BP on Thursday that will boost production capacity at its northern Kirkuk oil fields, Reuters reports, citing Oil Minister Jabar al-Luaibi.

--The move, which comes after the fields were taken back from Kurdish fighters in October, is aimed at increasing production capacity to more than 700,000 barrels a day, according to the report.

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--The report follows Chevron plans to resume drilling in Iraqi Kurdistan, as reported by WSJ on Tuesday.

Full story: http://reut.rs/2rgtP6l

WSJ story on Chevron's drilling resumption: http://on.wsj.com/2rlttey

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(END) Dow Jones Newswires

January 18, 2018 04:34 ET (09:34 GMT)

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