BP Urged to Develop Oil Fields in Kirkuk

Iraq urged BP to help develop oilfields in the disputed city of Kirkuk on Wednesday, after central government forces loyal to Baghdad swept through the Kurdish-held territory at the start of the week.Iraqi forces began a takeover of almost the entire disputed Kirkuk province Monday, with Kurdish forces retreating to nearby oilfields.The military maneuvers in northern Iraq come after the country’s semi-autonomous Kurdistan region voted overwhelmingly in favor of independence in a referendum last month. The vote was subsequently declared illegitimate by Iraq’s central government.

Source: Kirkuk: Iraq calls on BP to ‘quickly’ develop disputed oilfields – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.