BP, Iraq Advance Redevelopment of Kirkuk Oil Fields

BP plc (BP) announced an agreement with the Iraq government to redevelop the Kirkuk oil and gas fields in northern Iraq, per a Reuters report. The deal, finalized on Dec. 19, outlines technical terms for a project that aims to boost the field’s production capacity while incorporating renewable energy solutions such as power plants and solar infrastructure.BP initially signed a broader development agreement with Iraq in August, reaffirming its commitment to the country’s energy sector. Iraq, the second-large ...