The Iraqi government has long navigated a path between maintaining political ties with its Iranian neighbor and Tehran’s allies inside Iraq on the one hand, and preserving its security relationship ...

The liquefied natural gas assets would be a draw, he added, although outweighed by the less attractive parts of the portfolio as well as BP’s higher debt. “Having looked at the numbers in detail, we ...

BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new ...

Iraq approved BP’s $25B contract to develop key Kirkuk oil fields. The Western megadeals may stabilize Iraq’s oil ambitions and play a role in softening Baghdad–Erbil tensions.

The deal, which could be worth $25 billion (€23.8bn) over the lifetime of the project, comes as BP is set to row back on previous targets to cut oil and gas production by 2030.

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for Iraq, where output has been constrained by years of war, corruption and ...

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 ...

BP (NYSE: BP) and Iraq's government will sign a major deal covering four Kirkuk oil and gas fields by the first week of February, which would be larger than a 2023 deal with TotalEnergies valued ...

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’s history in Iraq actually stretches back ‎to the 1920s when the company that would eventually come to be known as BP helped ‎Iraq locate, produce, and export oil from Baba Gurgur, Kirkuk.