Iraq and BP sign a revised agreement for Rumaila oil field
2014-09-04T12:15:49+00:00
, which lowers the final production target to 2.1 million barrels per day from 2.85 million barrels.
Officials from BP and the Iraqi Oil Ministry have signed on the amended version of the current contract, which was agreed on originally in 2009 during a closed-door meeting in Rumaila.
The Director-General of the running body of Rumaila , Salah Mohammed told Reuters that "Iraq and BP have reached an agreement to decrease production target in Rumaila to 2.1 million barrels per day”.
