EconomyBP, ConocoPhillips to back Iraq with major investments, CNBC reports
BP and ConocoPhillips are expected to announce billions of dollars in new investments in Iraq on Friday, CNBC reported, citing sources. Washington is seeking to strengthen Iraq’s energy sector and reduce the region’s reliance on routes vulnerable to disruption by Iran. The planned commitments are presented as part of that effort to bolster the country’s energy industry. No details of the specific projects or investment terms were provided.
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BP, ConocoPhillips to back Iraq with major investments, CNBC reports
Economy