ConocoPhillips agreed to acquire a 42% stake in BP Plc’s development subsidiary covering four major oilfields in the Kirkuk region of northern Iraq

BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday.

BP and ConocoPhillips invest in Iraq to reduce Iran's energy influence. U.S.-Iran nuclear deal by August 13, 2026 at 1.6% YES.