BP nears deals for oil fields, curbs on gas flaring in Iraq
2025-01-15 16:00:02 - From: Al monitor
Iraq and British oil giant BP are set to finalise a deal by early February to develop four oil fields in Kirkuk and curb gas flaring, Iraqi authorities announced Wednesday.
The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production, they said.
Gas flaring refers to the polluting practice of burning off excess gas during oil drilling. It is cheaper than capturing the associated gas.
