ABU DHABI, Nov 10 (Reuters) - Oil major BP said on Tuesday it believed Iraq will find it hard to steeply grow production next year after steep gains in 2015.
"It is difficult to see a massive ramp up in production next year because of the way the contracts are structured," said BP's head for the Middle East, Michael Townshend.
He also said the company believes oil prices will remain soft in the area of $60 per barrel for the next two-three years.
(Reporting by Dmitry Zhdannikov and Maha El Dahan; Editing by Hadeel Al Sayegh and Subhranshu Sahu) ((Dmitri.Zhdannikov@thomsonreuters.com;))
Keywords: BP IRAQ/
"It is difficult to see a massive ramp up in production next year because of the way the contracts are structured," said BP's head for the Middle East, Michael Townshend.
He also said the company believes oil prices will remain soft in the area of $60 per barrel for the next two-three years.
(Reporting by Dmitry Zhdannikov and Maha El Dahan; Editing by Hadeel Al Sayegh and Subhranshu Sahu) ((Dmitri.Zhdannikov@thomsonreuters.com;))
Keywords: BP IRAQ/