BP, ConocoPhillips to back Iraq with major investments as U.S. seeks to weaken Iran's energy hold
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Source: CNBC
Published: 2026-07-17 17:50 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Iran, Energy, US Politics, Business & Economy
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Snippet:
BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country's energy sector and reduce the region's reliance on routes vulnerable to Iranian disruption, according to people familiar with the plans.
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