Iraq and oil major BP, opens new tab signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday.
The deal marks a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.
BP is expected to spend up to $25 billion over the lifetime of the project, a senior Iraqi oil official told Reuters in early February.
Last year, approximately $1.83 billion was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block, according to BP's annual report on its activities in Azerbaijan.
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
BP aims to join the Karabakh oil field project in Azerbaijan by 2025, with negotiations underway to finalize terms with SOCAR for this strategic offshore development.
BP Azerbaijan has announced plans to build a new compression platform at the Shah Deniz gas field to optimize production, company spokesperson Tamam Bayatly confirmed in a press briefing.
UNICEF on Saturday urged the interim Taliban-led administration in Afghanistan to lift the ban on girls' secondary education as the new school year begins without girls for a third consecutive year.
Pope Francis will make his first public appearance in five weeks on Sunday, offering a blessing from his hospital window as he recovers from double pneumonia.
Two firefighters have tragically died and two more remain missing as wildfires continue to ravage South Korea, with over 20 fires burning across the country. The most severe blaze, in South Gyeongsang province, has already consumed hundreds of acres.
Ukrainian President Volodymyr Zelenskyy has visited the eastern Donetsk region, reinforcing the government’s commitment to maintaining stability and support for those affected by the ongoing conflict.
Tensions between Israel and Lebanon flared on Saturday after Israel launched airstrikes on southern Lebanon in response to a cross-border rocket attack, heightening concerns of further conflict in the region.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
In a groundbreaking study published in Cell on January 18, Chinese researchers have unveiled a novel cancer treatment that ingeniously disguises tumors as pig tissue, triggering the body’s immune system to mount a hyperacute rejection response against the cancer cells.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
On March 16, at around 09:45, Armenian armed forces opened fire on Azerbaijani positions located in the direction of the Digh settlement in the Goris region, using firearms, according to Azerbaijan's Ministry of Defence.
The Federal Trade Commission (FTC) has removed all business blog posts dating from President Joe Biden’s term from its online publication, erasing more than 300 entries that once offered companies guidance on complying with consumer-protection regulations.
The Federal Reserve is widely expected to keep interest rates unchanged at Wednesday’s meeting.
In a flurry of negotiations following President Donald Trump’s inauguration, Google has significantly accelerated its acquisition of Israeli cybersecurity firm Wiz, elevating its offer from an initial $23 billion to a whopping $32 billion—one of the largest tech deals in history.
In a significant move amid the global race for artificial intelligence dominance, Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft and BlackRock to expand AI infrastructure across the United States.
UNICEF on Saturday urged the interim Taliban-led administration in Afghanistan to lift the ban on girls' secondary education as the new school year begins without girls for a third consecutive year.
Pope Francis will make his first public appearance in five weeks on Sunday, offering a blessing from his hospital window as he recovers from double pneumonia.
Two firefighters have tragically died and two more remain missing as wildfires continue to ravage South Korea, with over 20 fires burning across the country. The most severe blaze, in South Gyeongsang province, has already consumed hundreds of acres.
Ukrainian President Volodymyr Zelenskyy has visited the eastern Donetsk region, reinforcing the government’s commitment to maintaining stability and support for those affected by the ongoing conflict.
Tensions between Israel and Lebanon flared on Saturday after Israel launched airstrikes on southern Lebanon in response to a cross-border rocket attack, heightening concerns of further conflict in the region.
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