BP agrees to sell 15% stake in Kirkuk redevelopment venture to Turkey’s TPAO

Reuters2026/07/28 17:36

By:Reuters

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BP agreed terms for Türkiye’s TPAO to buy a 15% stake in BP Energy Company of Kirkuk, expanding the Kirkuk redevelopment partnership.
Deal follows ConocoPhillips’ previously announced 42% stake purchase, part of BP’s capital discipline strategy via partner sell-downs.
Post-transaction ownership: BP 43%, ConocoPhillips 42%, TPAO 15%.
Development and Production Contract targets an initial phase of more than 3 billion boe across the Kirkuk field’s Baba and Avanah domes.
Project scope also covers adjacent northern Iraq fields, currently operated by Iraq’s North Oil Company and North Gas Company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.

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BP agrees to sell 15% stake in Kirkuk redevelopment venture to Turkey’s TPAO

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