Iraq has signed an agreement with supermajor BP that would triple the oil production from the Kirkuk oil fields in northern Iraq to more than 1 million bpd, Iraq’s Oil Minister Jabbar al-Luiebi said at the signing on Monday. The deal was signed by Iraq’s state-run North Oil Company that operates the fields in the north of Iraq. The fields around Kirkuk were returned under Iraq’s federal government management in October last year, after the Iraqi army moved on to seize the fields from the Kurds following an independence referendum in Kurdistan that Iraq and its neighbors never recognized. The Kurds had taken control over Kirkuk in 2014 when they prevented the fields from falling into the hands of ISIS after the Iraq army had lost ground to the militants in the region. After Baghdad took over the Kirkuk fields from the Kurds in October last year, oil exports […]