Turkey and BP Reshape the Balance of Power in Northern Iraq [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
The recent announcement that Turkey's state-owned TPAO has signed a wide-ranging oil and gas cooperation agreement with Great Britain's BP marks a potentially significant shift in the strategic landscape of northern Iraq. The new framework — covering field development, exploration, export capacity and regional gas transport — places both companies squarely at the centre of Iraq's next phase of upstream expansion, with Kirkuk identified as the immediate priority. Coming on the heels of TPAO's recent cooperation deals with ExxonMobil and Chevron, the partnership with BP signals a far more ambitious Turkish push into Iraq's most politically sensitive energy territory. It also reopens the file on BP's major Kirkuk commitments, which remain central to understanding the deeper geopolitical implications of this new alignment. Few countries so starkly straddle the world's great dividing line between East and West — geographically, politically, and strategically — as Turkey. It is a positio
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