Iraq, BP agree to develop four Kirkuk fields, Iraqi state news reports

Iraq, BP agree to develop four Kirkuk fields, Iraqi state news reports
Reuters

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.
 

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