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Iraq Council of Ministers approves BP contract for Kirkuk oil fields

Summary by S&P Global
Iraq's Council of Ministers approved the final version of a contract between energy group BP and the oil ministry to rehabilitate and develop the

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Iraq Council of Ministers approves BP contract for Kirkuk oil fields

Iraq's Council of Ministers approved the final version of a contract between energy group BP and the oil ministry to rehabilitate and develop the

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AGBIAGBI

Iraq approves Kirkuk oilfield development deal with BP

BP expects $25bn investment Output rise of 450,000bpd Fields discovered in 1927 Iraq has officially endorsed an agreement with UK energy major BP for the development of four oilfields in the northern Kurdish Kirkuk region. The cabinet gave its final approval to the multi-billion dollar contract at a meeting this week headed by Prime Minister Mohammed Al-Sudani, the official news agency said. BP expects to invest up to $25 billion into the fields…

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AGBI broke the news in on Wednesday, March 19, 2025.
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