Energy
BP Is Said to Seek Partner for One of Oldest Iraqi Oil Fields
An Iraqi worker checks the valves at the Kirkuk oil field in Iraq.
Photographer: Marwan Ibrahim/AFP/Getty ImagesBP Plc is looking for a partner to help ramp up production and share some costs at one of the Middle East’s oldest oil fields, according to people with knowledge of the situation.
A process is already underway to find potential investors for Iraq’s Kirkuk oil field, the people said, asking not to be named because the information isn’t public. The timing of any agreement is uncertain, with one person saying they expected the process to continue into next year.