World Service - As Western oil giants re-enter the Kirkuk fields and hand over part of the field's development project to the Turkish State Oil Company, the energy equations of northern Iraq have entered a new phase; a phase in which Ankara, London and Washington, by combining capital, technology and export routes, are consolidating their influence over one of Iraq's most important oil resources.
World Service – Two major oil companies, Britain’s BP and America’s ConocoPhillips, will take over the development of one of Iraq’s most important oil fields in Kirkuk in a new partnership. In addition to its economic goals, this $25 billion project is indicative of Baghdad’s efforts to increase the presence of Western companies in Iraq’s energy industry and reduce the influence of Chinese companies.
