 The future of BP’s key Rumalia oilfield in Iraq is in jeopardy after a bureaucratic foul-up in Baghdad forced the company to cut 100 contractor jobs, FT reports.
Iraq already was notorious for red tape and infrastructure bottlenecks, and now BP is said to have fallen victim to a slowdown in decision-making across government ministries ahead of elections on April 30.
The move highlights the difficulties western oil majors face in Iraq, and some companies are so disenchanted with doing business there that they are considering leaving the country for good.
Eni also has been forced to lay off contractors at its Zubair field, which is near Rumaila, according to FT.
