Iraq agrees BP, CNPC Rumaila deal
Iraq’s state-run South Oil Company has signed an agreement with Britain’s BP and China’s CNPC to develop its super-giant Rumaila oilfield, Reuters has reported. The service contract for Rumaila field is the only deal which emerged from the country’s first oilfield auction in June. BP holds a 38% stake in the Rumaila venture; CNPC has […]