Fetching News Details

BP to withdraw from Iraq's Kirkuk field
Jan. 22, 2020
Source: Reuters

BP to withdraw from Iraq's Kirkuk field

If sources were to be believed, oil supermajor BP has decided to withdraw from Iraq’s Kirkuk oilfield. BP's $100 million exploration contract lapsed with no agreement on the field’s development, dealing a major setback to Iraq’s hopes to enhance its oil output. The pullout comes as the energy companies re-evaluate their activities in Iraq amid political turmoil and escalating tensions between the US and Iran.

   Read More About : BP Iraq UPSTREAM Oil and Gas Investments
⬅ all news

Please Login to Save News for Later