Iraq and BP will sign a deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain.
On Wednesday, Iraq's State News Agency (INA) confirmed that Baghdad and BP finalised the agreement to evaluate and execute the redevelopment of Kirkuk's oil and gas fields and adjacent areas. Reports suggest that the agreement will surpass the scale of a $27 billion deal Iraq signed with TotalEnergies in 2023.
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Source: Reuters
