A post by @FirstSquawk on X.

BP has accelerated drilling activity in the Kirkuk region and is scouting additional oil opportunities across Iraq, according to a First Squawk tweet. The update signals renewed upstream momentum in a country holding some of the world's largest crude reserves, though the headline offered no specific figures on rig counts, production volumes or capital spending. The move matters because Iraq is a key OPEC producer and a major source of global crude supply, so any expansion by a supermajor like BP can influence medium-term output expectations. Traders will watch for confirmation of drilling targets, production guidance and any new contract awards as BP formalizes its Iraqi growth plans.