BP's US$25bn Five-Field Megadeal In Iraq Is Finally Activated

By Yahoo! Finance   |   1 month ago
BP's US$25bn Five-Field Megadeal In Iraq Is Finally Activated

In 2009, BP and China National Petroleum Corporation secured a contract to develop Iraq's Rumaila oil field. Recently, BP activated a $25 billion deal to develop five oil fields in Iraq's Kirkuk region. The project aims to increase oil production and capture associated gas.

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