Türkiye Petrolleri acquires 15% of BP's Kirkuk subsidiary

Region
  • 29 July, 2026
  • 08:18
Türkiye Petrolleri acquires 15% of BP's Kirkuk subsidiary

The company Türkiye Petrolleri has purchased a 15% stake in BP's Kirkuk-based subsidiary, BP Energy Company of Kirkuk Limited, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar announced on X, Report informs.

The document was signed during Iraqi Prime Minister Ali al-Zaidi's visit to Türkiye.

"Our historic ties with the ancient lands of Kirkuk today transform into a completely new energy that strengthens the bright future of our country," Bayraktar highlighted.

The agreement covers an area estimated to contain over 3 billion barrels of oil-equivalent hydrocarbon reserves.