Mon, 20 Jul 2026 09:20:05 GMT
Iraq Oilfield Partnership
BP and ConocoPhillips have partnered in a $25 billion joint venture to rehabilitate and redevelop the historic, super-giant Kirkuk oilfield region in northern Iraq. The Deal: ConocoPhillips is acquiring a 42% stake in BP's development subsidiary for the project, marking its return to Iraq after more than a decade.
The Goal: The project targets an initial phase to extract over 3 billion