BP Seeks Partners to Boost Production in Kirkuk Oil Field

BP is reportedly seeking partners to enhance production at one of the oldest oil fields in the Middle East, according to sources familiar with the matter. The search for potential investors in Iraq's Kirkuk oil field is underway, although the timeline for reaching any agreements remains uncertain, with expectations that the process could extend into next year. According to Jin10, major oil companies are showing renewed interest in Iraq due to its abundant crude resources, which are often easier and cheaper to extract compared to regions outside the Middle East. Meanwhile, BP is aiming for more international growth in oil and gas production, moving away from its previous five-year focus on clean energy and net-zero emissions.