16th Oct 2015 13:15
LONDON (Alliance News) - BP PLC and the China National Petroleum Corp will unveil a strategic partnership next week which will lead the pair to develop oil assets in Iraq and other regions, the Financial Times reported Friday.
The deal, one of several high profile deals to be signed during a visit by Chinese President Xi Jinping to London, will aim to bolster cooperation between the two companies in Iraq, where they are developing the giant Rumaila oilfield, the FT reported.
Rumaila, in southern Iraq, is the world?s second largest oilfield and produced 1.34 million barrels per day in 2014, according to BP's website.
http://uk.reuters.com/article/2015/10/16/uk-bp-china-idUKKCN0SA1J920151016
By Joshua Warner; [email protected]; @JoshAlliance
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