ConocoPhillips Acquires 42% Stake in BP's Iraq Kirkuk Oil Venture
ConocoPhillips has agreed to acquire a 42% stake in BP Energy Company of Kirkuk Limited, gaining access to significant oil resources in Iraq. The deal expands ConocoPhillips' exposure to long-life, low-cost conventional assets and is expected to close by the end of 2026.
Topics: BP ConocoPhillips Iraq Kirkuk Oil Field oil