BP’s ongoing discussions with Iraq’s oil ministry could see a revision to its plateau output target for the massive Rumaila field, and further development. The ministry also wants BP to ramp-up Kirkuk output. Will anything come from the talks?

BP is in discussions with Iraqi Oil Minister Jabbar al-Luaibi on the next stage of development of the 1.5mn b/d Rumaila fieldBP’s only Iraqi asset and the country’s largest producer. A comprehensive agreement is essential for...