Which two major energy companies are planning to announce new investments in Iraq, and what is the stated strategic goal behind these investments?

BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq. The stated strategic goal, as reported by CNBC, is for Washington to bolster Iraq’s energy sector and reduce the region’s reliance on energy transport routes vulnerable to Iranian disruption.

Where and when are BP and ConocoPhillips expected to make their investment announcements regarding Iraq?

The announcements are expected during the U.S.-Iraq Business Summit in Washington, according to the CNBC report.

BP, ConocoPhillips to Back Iraq with Major Investments, CNBC Reports

Jul 17, 2026

BP and ConocoPhillips plan to announce billions in new investments in Iraq's energy sector at the U.S.-Iraq Business Summit. The initiative aims to bolster regional energy security and reduce reliance on routes vulnerable to Iranian disruption.

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