An alliance between the British and Chinese companies to develop oil fields in Iraq
Agencies - giants energy "BP" and the British "CNPC" Chinese plans to announce next week the establishment of a strategic alliance between the two in order to develop oil resources in Iraq and elsewhere.
It will aim agreement, which will be one of several agreements will be signed during the visit of Chinese President Xi Jinping to London, to promote cooperation between the two companies in Iraq, where are developing the giant Rumaila oil field in the south of the country.
The Rumaila field in southern Iraq, the second largest oil field in the world, and the production was 1.34 million barrels per day in 2014.
The two companies will also seek to expand through the establishment of companies to develop oil fields in other parts of the world.
It is noteworthy here that "CNPC" Chinese state-owned company is the largest producer of oil in the Asian continent, the Group parent company "PetroChina".
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