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FINANCIAL NEWS
BP allocates USD2.9b to Rumaila oilfield in 2013
23 May 2013
(MENAFN) BP assigned USD2.85 billion to improve Rumaila oilfield located in Iraq during 2013, reported Gulf Daily News citing the head of the joint management committee for the field.
Raising the output from Rumaila is very important for the country to be able to increase oil exports to 6 million bpd by 2017.
USD2.2 billion was the agreed financial amount for the improvement of Iraq’s most prolific oilfield in 2012.
BP is planning to issue three tenders in order to drill 150 new oil wells during the second half of the current year.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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