CNBC reports BP and ConocoPhillips are expected to announce multibillion-dollar
investments in Iraq on Friday, part of a US-led push to strengthen Iraq’s energy
sector and reduce reliance on export routes vulnerable to Iranian disruption.
Plans are due to be unveiled at a US‑Iraq business summit in Washington where
Iraqi Prime Minister Zaidi will meet senior US officials and energy executives.
The summit is expected to produce more than $60bn in agreements and MOUs;
investments from BP, ConocoPhillips and other firms are described as ranging
from tens of billions to possibly hundreds of billions of dollars.
