Could BP’s share price be set to reverse its decline of the past year with a huge new oil deal in Iraq? I took a deep dive ...

An important deal between Iraq's Oil Ministry and BP was signed on Wednesday under the auspices of Prime Minister Mohammed Shia Al-Sudani.

BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, the company said on Wednesday.

SOMO revealed on Wednesday that Iraq has the fourth-largest proven oil reserves in the world, with around 145 billion barrels ...

BP executive vice-president William Lin commented, “This agreement builds on our long-standing and strategic relationship with the Government of Iraq and delivers access to a material new ...

“BP has submitted to the Iraqi oil Ministry an updated study ... the reserves of those fields can last nearly 32 years and they account for nearly 3.5 percent of Iraq’s total proven oil deposits of ...

This agreement marks a significant advancement for Iraq's energy sector, which has faced challenges due to years of conflict and infrastructural issues. The project also aligns with BP's strategic ...

Iraq, on Wednesday, finalized a contract with the London-based oil major, BP, for the development and production of four ...

The contract includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power, and water with potential for investment in exploration.

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Rebalancing IOCs Positioning in the Upstream Petroleum Sector in ...