The deal marks a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions
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Iraq and oil major BP signed a deal to redevelop four Kirkuk oil and gas fields, Iraq's state news agency reported on Tuesday.
The deal marks a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions.
BP is expected to spend up to $25 billion over the lifetime of the project, a senior Iraqi oil official told Reuters in early February.
(Reporting by Jana Choukeir, Writing by Clauda Tanios, Editing by Louise Heavens)
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