The new company, Basra Energy Ltd, would hold BP's interest in Iraq's giant Rumaila oil field and be jointly owned by China National Petroleum Corp CNPET.UL, one of BP's partners at the site.

BP and CNPC signed a 20-year service contract with Iraq in November to increase Rumaila's output to 2.85 million barrels a day, making it the world's second-largest producing oilfield, the London ...

BP and China National Petroleum Corp. on Tuesday pledged to invest $15 billion in Iraq to build up output at the country’s vast Rumaila oil field to the second-largest in the world.

British energy giant BP Plc ( BP ) plans to trim its output target for the enormous Rumaila oilfield in Iraq to between 1.8 million and 2.2 million.

The BP-CNPC deal would boost production to 2.85 million bpd, making Rumaila one of the most productive fields in the world CNPC and BP are set to finalize the Rumaila contract with their Iraqi ...

BP and China National Petroleum Corporation (CNPC) have signed a technical service contract with Iraq's state-owned South Oil Company (SOC) to expand production from the Rumaila oilfield, near ...

BP Plc, Europe’s second-biggest oil company, said output at Rumaila has increased enough for the explorer to start making money from the field in southern Iraq. Production has increased more ...

BP said it has reached an agreement with the Iraqi government to lower the production target for the vast Rumaila oil field and extend a BP-led group's time frame to manage the resource.

BP Plc plans to trim its output target for the enormous Rumaila oilfield in Iraq to between 1.8 million and 2.2 million barrels per day.

UK energy giant BP says it is yet to receive confirmation that the Iraqi government has approved a contract to develop the giant Rumaila oil field in the south of the country. The comment follows ...

Iraq approves BP plan to spin off giant Rumaila oilfield. By Reuters. August 24, 2021 6:22 PM UTC ... A BP logo is seen at a petrol station in London , Britain January 15, 2015. REUTERS ...