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flag BP gets green light from Iraq to redevelop Kirkuk oil fields, aiming for 3 billion barrels.

flag BP has secured approval from the Iraqi government to redevelop oil fields in Kirkuk, aiming to produce up to 3 billion barrels of oil equivalent. flag The project, valued at up to $25 billion over 25 years, includes rehabilitating oil, gas, power, and water facilities. flag BP will work with Iraq's North Oil Company and North Gas Company, with compensation linked to increased production. flag The deal is significant for Iraq, which has seen oil production hindered by conflict and corruption. flag The wider project area is estimated to hold up to 20 billion barrels of oil equivalent.

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