Back in Iraq: BP Puts $25B On the Table

BP is about to make a big bet on Iraq—again. After years of false starts, geopolitical chaos, and stalled negotiations, the British oil major is reportedly gearing up to invest up to $25 billion in Iraq’s Kirkuk oil and gas fields. That’s according to a senior Iraqi official who spoke to Reuters in an exclusive.   That’s a hefty price tag for a region that’s seen more than its fair share of conflict and instability—but with crude prices hovering near the $75 mark and Iraq eager to reclaim its position as…