According to the UK Times, BP has signed a $25bn deal to redevelop Iraq's oil and gasfields.
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When your best play is to operate in Iraq, you’ve $@cked up bad along the way.
Ahh yes, investing in Iraq will somehow pull us out of billions of dollars of debt. I hear they have so much money over there that they burnt it rather than the oil itself!
The news reports say $1b per year over 25 years. Not as significant an investment as may initially appear...probably a show for the investor day.