ConocoPhillips to buy 42% stake in Iraqi unit from BP as U.S. seeks to weaken Iran's energy hold

Jul 17, 2026 - 08:15
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ConocoPhillips to buy 42% stake in Iraqi unit from BP as U.S. seeks to weaken Iran's energy hold
BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday.

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