Iraqi Cabinet approves BP Plan to spin off Rumaila
2021-08-26 00:00:00 - From: Iraq Business News
By John Lee. The Iraqi cabinet has approved a plan to restructure the ownership of the giant Rumaila oilfield. The field will be taken over by the newly-created Basra Energy Company (BEC), which in turn will be owned by BP and the China National Petroleum Corporation (CNPC). According to a statement from the Ministry of […]
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