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The Economic Times

Global Business / The Economic Times

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ConocoPhillips takes 42% stake in BP Iraq venture

ConocoPhillips will acquire a minority stake in BP's northern Iraq oil venture. The deal involves BP Energy Company of Kirkuk Limited's production sites. This agreement is expected during Iraq Prime Minister Ali al-Zaidi's Washington visit. ConocoPhillips anticipates value creation through efficient redevelopment and exploration. The partnership aims to boost production from historically significant Iraqi fields.

17 Jul 2026 9:21 pm