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BP, CNPC sign Iraq's 1st big post-invasion oil deal
03 Nov 2009 12:19:15 GMT
Source: Reuters
BAGHDAD, Nov 3 (Reuters) - British oil major BP Plc <BP.L> and China's CNPC on Tuesday signed Iraq's first major new oil deal since the 2003 U.S. invasion, snapping up a development contract for the Rumaila oilfield, one of the world's biggest.

The 20-year development contract for the southern oilfield is the first of several deals that Iraq expects to sign in the coming weeks and months as it tries to catapult itself to third place from 11th in the league of oil producing nations. (Reporting by Ahmed Rasheed; Writing by Michael Christie)


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Workers clean up floating garbage on the Yangtze Rive near the Three Gorges reservoir in Fengjie County of China's Chongqing municipality, November 1, 2009. China is facing an arduous mission to ...



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Last updated:Tue Nov 3 12:21:35 2009