BP and ConocoPhillips to Announce Multi-Billion-Dollar Iraq Investments on Friday

BP-0.55%
COP1.23%

According to CNBC, BP and ConocoPhillips plan to announce multi-billion-dollar investments in Iraq on Friday (July 18) during a U.S.-Iraq Business Summit in Washington. Iraqi Prime Minister Mohammed Shia al-Sudani will attend talks with U.S. officials and major energy executives.

The combined investment by BP, ConocoPhillips, and other firms is expected to reach billions of dollars as part of broader U.S.-Iraq deals and memorandums of understanding valued at over $60 billion.

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