Key facts: BP PLC Sponsored ADR 42% sale; Iraq grants 4 Kirkuk fields
BP PLC (BP.) agreed to sell a 42% stake in BP Energy Company of Kirkuk to ConocoPhillips, facilitating development of over 3 billion barrels of oil equivalent. Iraq granted operational control of four Kirkuk oilfields to a BP-linked joint operator, aiming to increase crude output to 450,000 barrels per day and utilize 500 million cubic feet per day of associated gas.



