Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back foreign investment.

While this deal has the capacity to strengthen Iraq’s oil exports, it has also caused alarm about the long-term sustainability of Kirkuk’s oil reserves and field management.

Energy giant BP is projected to invest up to $25 billion over the life span of a project to redevelop four Kirkuk oil and gas fields, according to a

BP (NYSE:BP), the oil giant, is projected to invest between $20 billion and $25 billion in the redevelopment of four oil and gas fields in Kirkuk, according to a Tuesday report by Reuters. This investment,