Market Chatter: BP, ConocoPhillips to Reportedly Announce New Investments in Iraq's Energy Sector
BP (BP.L), ConocoPhillips (COPH.VI, YCP.F), and other companies will reportedly announce investments in Iraq's energy sector that could potentially reach up to tens of billions of dollars, CNBC wrote Friday, citing people familiar with the plans.The announcements are expected during the US-Iraq Business Summit in Washington, an event expected to yield more than $60 billion in agreements and memoranda of understanding between US companies and the Iraqi government, the report said.The London-listed energy major and the exploration and production company did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
