ANKARA/KIRKUK

British energy giant BP has withdrawn from Iraq’s Kirkuk oilfield following discouraging results and the Iraqi oil ministry’s decision not to renew the company’s field study contract, according to the ministry’s spokesperson Asim Jihad on Thursday.

Speaking to Anadolu Agency, Jihad said that as BP’s field development studies fell short of expectations and were not encouraging enough for BP to extend its operations, the field study and development contract were not renewed by the ministry.

BP and Iraq’s oil ministry reached an agreement in 2013 to support field activity studies in Kirkuk where Iraq’s North Oil Company (NOC) oversees.

Read more: BP pulls out of Iraq's Kirkuk oilfield