Anglo-Russian oil joint venture TNK-BP Holding (TNBP.RS) is considering the possibility of developing hydrocarbon resources in Iraq, the company said Monday.
"TNK-BP is interested in working in Iraqi upstream [projects] to the mutual benefit and in close cooperation with the central government of Iraq," TNK-BP said in a statement.
The company, half-owned by U.K. oil major BP PLC (BP), currently has no projects, activities or operations in Iraq.
TNK-BP is Russia's third-biggest oil producer.