BP pulls out of Iraq's Kirkuk oilfield

British energy giant BP said on Tuesday it had ended its involvement in Iraq's giant Kirkuk oilfields and would now step away from the six-year venture.

"In 2013, BP signed a letter of intent with the North Oil Company of the Iraq Ministry of Oil to support field activity studies in Kirkuk," the London-listed company said. "As planned, in December 2019 BP completed field work, studies and recommendations."