Iraq, BP advance in Kirkuk contract talks

KIRKUK - Iraq is making progress in negotiations with BP to develop several oil fields in Kirkuk

KIRKUK - Iraq is making progress in negotiations with BP to develop several oil fields in Kirkuk, according to four senior Iraqi oil officials, who said they are aiming to finalize profit-sharing contracts as soon as this month. Prime Minister Mohammed Shia al-Sudani is expected to travel to England next week, two of the officials said. That visit could create an occasion to sign an initial agreement on contract terms, assuming commercial details can be agreed upon in time.