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Thursday, January 23, 2020 2:51 GMT
BP has pulled out of Iraq’s giant Kirkuk Oil Field after its US$100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase its oil output, three sources told Reuters. The move comes as Western energy companies reassess their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the United States and Iran in the country. BP informed Iraqi authorities...More