BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. The project holds the potential for enhanced oil output and renewable energy integration.

Rumaila was first drilled by BP a half century ago, but the company, along with other foreign oil companies, was kicked out in the 1970s when Iraq nationalized its oil sector. (See a video of the ...

British energy giant BP has signed a deal with Baghdad on an oilfield at the heart of a dispute between the central government and Kurdish authorities in northern Iraq, officials said Wednesday.

BP has signed a preliminary agreement with Iraq to rehabilitate and develop four oil and gas fields in Kirkuk, aiming to stabilize production and reverse decline in the region's crucial oilfields.

BP said it has reached an agreement with the Iraqi government to lower the production target for the vast Rumaila oil field and extend a BP-led group's time frame to manage the resource.

BP will return to northern Iraq for the first time since Islamic State swept through the region three years ago, potentially heralding a new era of stability in one of the world’s most dangerous ...

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern roots and should help to bolster ...

Any move northwards would take them back closer to Iraq's border with Turkey, but officials did not say where they were going. ... Turkish Troops Begin to Leave Iraqi Camp.

BP’s presence in Iraq began in Kirkuk in the 1920s when the company that is ... Britain joined the EU to act as a Trojan Horse for the Americans while keeping the other foot in the American camp.

According to Iraqi news, Dhiya Jaffar, the head of Iraq's South Oil Co., Exxon Mobil had conducted a "major evacuation," while 20 percent of the staff of BP, Europe's second-largest energy company ...

BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. The project holds the potential for enhanced oil output and renewable energy integration.