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Tag Archives: dealing a fresh blow to Iraq’s hopes to increase its oil output

BP pulling out of Iraq amidst regional tensions

BP (BP.L) has pulled out of Iraq’s giant Kirkuk oilfield after its $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 …

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