Iraq approved on Tuesday approved BP Plc's plan to spin off its operations in the country, the government and BP said, as the British oil company looks to shift focus to low-carbon investments.

China National Petroleum Corp, BP Plc and a local partner may increase production at Rumaila, Iraq's biggest oilfield, by 14 percent by the year-end after assuming full management of the block ...

BP Plc and partners China's CNPC and Iraq's South Oil Co. expect to issue tenders to drill 40-50 new wells in the supergiant Rumaila oilfield this year and "about the same" next year, a company ...

BP and China National Petroleum Corp. on Tuesday pledged to invest $15 billion in Iraq to build up output at the country’s vast Rumaila oil field to the second-largest in the world.

Although Rumaila exhibited fast-track production growth, infrastructure bottlenecks, payment delays and ongoing political issues enforced BP to lower the target in the oilfield.

BP's share of flaring emissions from Rumaila — based on its participating interest in the field's operating company of 47.6% — stood at 3.7m tonnes CO2e in 2021.

BP said it has reached an agreement with the Iraqi government to lower the production target for the vast Rumaila oil field and extend a BP-led group's time frame to manage the resource.

China National Petroleum Corp. and BP are set to examine their respective stakes in the Rumaila oil field in Iraq during talks regarding the June contract.

BP Plc, Europe’s second-biggest oil company, said output at Rumaila has increased enough for the explorer to start making money from the field in southern Iraq.