BP Boosts Iraq Oil, Gas Production, Aims to Stop Gas Flaring

BP plans to boost oil and gas production in Iraqs Kirkuk region, targeting 450,000 barrels of oil and 500 million cubic feet of gas daily. This redevelopment, supported by the Iraqi government, aims to stop gas flaring and increase production capacity. BP will work with local companies on key fields, potentially saving Iraq billions annually. The project involves four fields with five billion barrels of reserves, contributing to Iraqs goal of increasing overall oil output.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.