BP To Develop Iraq's Kirkuk Oil Fields Under Profit-Sharing Model, Final Agreement Expected By End Of 2024
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BP is set to develop Iraq's Kirkuk oil fields under a profit-sharing model, with a final agreement expected by the end of 2024. This development could impact BP's operations and profitability.
August 20, 2024 | 10:37 am
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BP is entering a profit-sharing agreement to develop Iraq's Kirkuk oil fields, with a final deal expected by the end of 2024. This could enhance BP's oil production capabilities and profitability.
The agreement to develop Kirkuk oil fields under a profit-sharing model suggests a strategic expansion for BP, potentially increasing its oil production and profitability. The finalization by 2024 indicates a long-term commitment, likely viewed positively by investors.
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