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.
BP Chair Helge Lund intends to step down "likely during 2026" and the process to pick his successor has started, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
The 18th meeting of the Joint Commission on Economic Cooperation between Iran and Russia is scheduled to take place in Moscow from April 23 to 25. The event aims to strengthen bilateral collaboration across a wide range of sectors.
The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
In response to President Donald Trump's sweeping new tariffs, a number of global companies are eyeing expansion into the United States to minimize the economic fallout from the trade measures.
Google plans to appeal parts of a recent U.S. court ruling that found it had unlawfully maintained monopoly power in parts of the online ad market, specifically in publisher ad servers and ad exchanges, while the court dismissed other antitrust claims.
The European Central Bank cut its main interest rate by a quarter point on Thursday, citing rising trade tensions following U.S. President Donald Trump’s sweeping tariff campaign. The decision brings the rate down to 2.25 percent, marking the ECB’s seventh cut in the past year.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
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