Reuters exclusively reported that BP has pulled out of Iraqâ€™s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the fieldâ€™s expansion, dealing a fresh blow to Iraqâ€™s hopes to increase its oil output. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country.
Reuters exclusively reports BP pulls out of Iraq’s Kirkuk field as expansion plans stall
21 January 2020, 12:00 am. 1 minute
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