• BP agreed terms for ConocoPhillips to buy a 42% stake in BP Energy Company of Kirkuk, expanding the Kirkuk redevelopment project.
• Development and Production Contract targets an initial phase exceeding 3 billion barrels of oil equivalent across key Kirkuk-area fields in northern Iraq.
• BP will remain majority shareholder in the Kirkuk venture following completion of the transaction.
• Signing is planned during Iraqi Prime Minister Ali Al-Zaidi’s official visit to Washington.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief on July 17, 2026, and is solely responsible for the information contained therein.