Blog Source: priceofoil.org
A consortium led by oil giant BP and China's CNPC has today won the contract for the vast Rumaila oil field - the largest oil field in Iraq and one of the biggest in the world. The acquisition will be seen as a huge boost to BP, ...
Blog Source: www.democraticunderground.com
Six oil fields and two gas fields were available in a televised auction that was the first big oil tender in Iraq since the invasion of 2003. BP and China's CNPC agreed to run the 17 billion barrel Rumaila field after Exxon Mobil turned ...
Blog Source: blogs.ft.com
BP and CNPC have won the right to help Iraq develop the Rumaila field. The UK and Chinese companies beat ExxonMobil, the US oil company, which had partnered with Petronas, the Malaysian oil company. BP clinched the contract when it agreed ... But the
Blog Source: royaldutchshellplc.com
For CNPC, BP's partner, developing Rumaila will offer the chance to secure oil supplies for China and develop ties with a key petrostate. The rest of the auction was largely disappointing . Royal Dutch Shell initially bid for the Kirkuk field but ...
Blog Source: industry.bnet.com
BP, CNPC scores only contract in Iraq oil auction – Foreign companies bidding on Iraq oil contracts have shied away from the narrow terms and low price the government is willing to pay for their services. Only one of the eight contracts ...