ConocoPhillips Iraq Holdings received unconditional approval from China's State Administration for Market Regulation to acquire shares in BP Kirkuk Energy Limited. The approval was listed in the SAMR's August 24-30, 2026 roundup of unconditionally approved concentration cases.
The transaction relates to oil and gas assets in the Kirkuk region of Iraq. Iraq is a major crude oil producer, and upstream acquisitions by international oil companies in the region can affect crude supply available to Asian refiners, including Chinese and other regional buyers.
