Market Chatter: BP, ConocoPhillips Plan Major Investments in Iraq

MT Newswires Live

07/17

BP (BP) and ConocoPhillips (COP) plan to reveal billions of dollars in new investments in Iraq to help build its energy sector and increase resilience against Iranian disruptions, CNBC reported Friday, citing people familiar with the plans.

The agreements are expected to be shared at a US-Iraq business meeting in Washington, the sources told the news outlet.

The event could have over $60 billion in deals between US companies and the Iraqi government, and the BP and ConocoPhillips investment could be tens of billions, CNBC quoted the people as saying.

BP and ConocoPhillips did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IEO","symbol_name":"iShares Dow Jones U.S. Oil & Gas","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2652140151","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652140151","pubTimestamp":1784280857,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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