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A strategic alliance of British and Chinese for two companies to develop the Rumaila field
10/16/15
# Baghdad, industry sources / SNG- said on Friday that the two companies BP British and CNPC Chinese Alnaftytan would announce Almqublan week a strategic alliance to develop oil resources in Iraq and other areas.
It will aim agreement, which will be one of several agreements big will be signed during the visit of Chinese President Xi Jinping to London to promote cooperation between the two companies in Iraq, where two developments Rumaila oil giant.
According to BP's website, the Rumaila field in southern Iraq is the second largest oil field in the world and the production was 1.34 million barrels per day in 2014.
The sources said that the British and Chinese companies will seek to expand into new joint ventures with other parts of the world.
She added that it is not expected that the agreement specific targets for production or investment. includes
Foundation China National Petroleum [CNPC] state-owned is the largest oil producer in Asia and the Group parent company PetroChina.
The Rumaila in West # Basra ninth greatest oil field in global Btabqath the finest types of oil are estimated billions of barrels of oil Ahitath It is also equivalent to 40% of Iraq's production of crude.
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