Don’t miss the latest developments in business and finance.

BP pulls out of Iraq's Kirkuk oilfield

Image
AFP London
Last Updated : Jan 22 2020 | 12:35 AM IST

British energy giant BP said on Tuesday it had ended its involvement in Iraq's giant Kirkuk oilfields and would now step away from the six-year venture.

"In 2013, BP signed a letter of intent with the North Oil Company of the Iraq Ministry of Oil to support field activity studies in Kirkuk," the London-listed company said. "As planned, in December 2019 BP completed field work, studies and recommendations."

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 22 2020 | 12:35 AM IST

Next Story