Middle East Economic Survey
VOL. LII
No 31
3-Aug-2009
IRAQ
BP In Talks To Reduce Stake In Rumaila
BP is in talks to reduce its stake in the 2.85mn b/d Rumaila field development program it won in Iraqs first licensing round award on 30 June, MEES understands. Currently BP holds 50%, Chinas state-owned CNPC has 25% and the remaining share belongs to Iraqs Southern Oil Company (SOC). Talks center on BP selling an unspecified percent of its stake to development partner CNPC in order to reduce its...
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