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British BP and Chinese CNPC plan to form a strategic alliance for the development of oil resources in Iraq
10/17/15
BAGHDAD / Sky Press: industry sources said, that the British giants BP and Chinese CNPC Alnaftytan Almqublan week would announce a strategic alliance to develop oil resources in Iraq and elsewhere.
It will aim agreement, which will be one of several large agreements will be signed during the visit of Chinese President Xi Jinping to London to promote cooperation between the two companies are developing in Iraq, where the giant Rumaila oil field.
According to BP on the 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 the Chinese will seek to expand the two companies to enter into new joint ventures with other parts of the world.
It added that it is not expected that the agreement specific targets for production or investment includes.
National Oil Corporation of China (CNPC) State-owned is the largest oil producer in the Asia Group and the parent company of PetroChina.
The Rumaila field in the west of 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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10/17/15
BAGHDAD / Sky Press: industry sources said, that the British giants BP and Chinese CNPC Alnaftytan Almqublan week would announce a strategic alliance to develop oil resources in Iraq and elsewhere.
It will aim agreement, which will be one of several large agreements will be signed during the visit of Chinese President Xi Jinping to London to promote cooperation between the two companies are developing in Iraq, where the giant Rumaila oil field.
According to BP on the 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 the Chinese will seek to expand the two companies to enter into new joint ventures with other parts of the world.
It added that it is not expected that the agreement specific targets for production or investment includes.
National Oil Corporation of China (CNPC) State-owned is the largest oil producer in the Asia Group and the parent company of PetroChina.
The Rumaila field in the west of 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.
[You must be registered and logged in to see this link.]
