Iraq approved a plan by BP to spin off its operations in Iraq into a standalone company

Iraq approved a plan by BP to spin off its operations in Iraq into a standalone company
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26.08.2021

MOSCOW (MRC) -- Iraq approved a plan by BP to spin off its operations in Iraq into a standalone company, a cabinet statement said, as the British oil major looks to shift focus to low carbon investments, said Hydrocarbonprocessing.The new company, Basra Energy Ltd., would hold BP's interest in Iraq's giant Rumaila oil field and be jointly owned by China National Petroleum Corp, one of BP'

Full article at mrcplast.com

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