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 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.

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 ...

Iraq approved on Tuesday approved BP Plc's plan to spin off its operations in the country, the government and BP said, as the British oil company looks to shift focus to low-carbon investments.

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 and Iraq agreed earlier this year to rehabilitate and develop four oil and gas fields in the northern region of Kirkuk. In a press release on the deal from August 2024, ...

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 ...