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British oil and gas company BP announces an agreement with the Iraqi government to develop four oil fields

2025 United States tariffs against the European Union — British oil and gas company BP announces an agreement with the Iraqi government to develop four oil fields around Kirkuk and increase production, with the value of BP's investment

Published February 26, 2025· Updated October 28, 2026·1 min read

Context: 2025 United States tariffs against the European Union.

British oil and gas company BP announces an agreement with the Iraqi government to develop four oil fields around Kirkuk and increase production, with the value of BP's investment estimated at US$25 billion. [https://jpt.spe.org/bp-signs-deal-to-rehab-iraqs-kirkuk-oil-assets-boost-production (Society of Petroleum Engineers)] [https://www.reuters.com/business/energy/iraq-bp-agree-develop-four-kirkuk-fields-iraqi-state-news-reports-2025-02-25/ (Reuters)]

Event summary via Wikipedia Current Events (2025-02-26).