bp and Iraq Reach Final Agreement for Kirkuk Oil Field Redevelopment

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — bp reached agreement on all contractual terms with Iraq to invest in several giant oil fields in Kirkuk providing for the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. 

The agreement is subject to final governmental ratification, bp said 25 Feb. 2025 in an official statement.