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The Economic Times
The Economic Times

ConocoPhillips takes 42% stake in BP Iraq venture

ConocoPhillips announced Friday that it had reached a deal with BP to join as minority partner in the British company's oil production venture in northern Iraq.

The US company will acquire a 42 percent interest in BP Energy Company of Kirkuk Limited, with the signing expected during Iraq Prime-Minister Ali al-Zaidi's visit to Washington.

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