BP interested in redeveloping Kirkuk oil field, Iraq says


Iraq's oil minister confirms BP is interested in getting involved in the redevelopment of the country's Kirkuk oil field, where production has declined to 260K bbl/day from 900K bbl/day in the early 2000s.

He denies reports of Russia's Lukoil (LUKOY.PK, LUKOF.PK) showing any interest in the redevelopment of Kirkuk.

Also, the minister says Exxon Mobil (XOM) has sought government approval to sell 35% of its stake in the West Qurna-1 field, and the government likely will approve the sale.

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