CNPC and BP in talks to develop Iraqi Rumaila oilfield

IRAQ - China National Petroleum Corp, CNPC, has held talks with UK oil major BP about a joint offer to develop Iraq's Rumaila field, ahead of the country's first bidding round in 30 years, a person familiar with the matter said today. The China state-owned CNPC is also working on two more bids in the auction, due to take place June 29-30, including one with Chinese rival CNOOC and Malaysia's Petroliam Nasional, Petronas.

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