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Iraq is in for a rough 2025

  • Iraq and BP have signed a deal to redevelop four oil and gas fields in Kirkuk, which is worth over $27 billion.
  • The agreement aims to increase oil production by up to 150,000 barrels per day and reduce gas flaring significantly by 2028, according to Iraq's Oil Minister Hayan Abdel-Ghani.
  • The project will enhance Iraq's energy sector and is expected to solidify its position as OPEC's second-largest oil producer.
  • The deal will be finalized in early February, with plans to recover flared gas to boost electricity production in Iraq.
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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
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