BP hunts for a partner at Iraq’s Kirkuk oil field as $25 billion redevelopment looms
BP is seeking a partner to share costs and increase production at Iraq’s Kirkuk oil field, with redevelopment plans estimated up to $25 billion. Talks are ongoing and a deal may not be reached until next year. BP aims to raise output to 450,000 barrels per day from 300,000. The company declined to comment.