ConocoPhillips to buy 42% stake in BP unit tied to Iraq's Kirkuk oilfields

ConocoPhillips
BP PLC Sponsored ADR

ConocoPhillips

COP

0.00

BP PLC Sponsored ADR

BP

0.00

July 17 (Reuters) - ConocoPhillips COP.N said on Friday it had agreed to acquire a 42% stake in BP Energy Company of Kirkuk Limited from BP BP.L, supporting redevelopment of four producing oilfields in northern Iraq's Kirkuk area.



This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.