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

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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