• <strike id="q0iu2"></strike>
  • The Annual Shale Gas Technology & Equipment Event
    logo

    The 15thBeijing International Shale Gas Technology and Equipment Exhibition

    ufi

    BEIJING,CHINA

    March 26-28,2025

    LOCATION :Home> News > Industry News

    BP, PetroChina form JV to manage Iraq’s Rumaila oil field

    Pubdate:2021-08-26 10:55 Source:liyanping Click:

    LONDON (Bloomberg) - BP and PetroChina formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world as it focuses on the energy transition.

    BP is at the beginning of transformation to slash emissions and hydrocarbon output, while ramping clean-energy production. That strategy sits uncomfortably with its presence in Iraq, one of the world’s biggest emitters of methane -- a greenhouse gas more potent than carbon dioxide.

    The new Basra Energy Co. Ltd. will run Rumaila with Iraq’s state-owned Basra Oil Co. and, as a standalone company, it will have access to external financing, BP said in a statement. While the formation of the venture won’t change the amount of greenhouse gases emitted, it will free up capital as BP seeks to increase spending on low-carbon projects.

    In 2016, BP formed Aker BP ASA by joining its Norwegian assets with Det Norske Oljeselskap. More recently, BP and Italy’s Eni SpA said they were considering merging their Angolan oil, gas and liquefied natural gas assets in a bid to revive output.

    Cabinet Approval

    Iraq’s cabinet approved the restructuring and said Basra Energy will be responsible for financing and developing the field, Oil Minister Ihsan Abdul Jabbar said in a separate statement. The Iraqi venture is subject to other approvals.

    BP won the right to develop Rumaila in 2010, and the new joint venture is expected to operate until the contract is due to expire in 2034. The field is one of world’s biggest, pumping 1.4 million barrels a day in 2020.

    Jabbar said in July that BP wanted to pull out of Rumaila, though he later added the government was working to improve operating conditions for foreign oil companies and stop them exiting.

    Iraq pumps about 4 million barrels a day of crude, more than any other member of the Organization of Petroleum Exporting Countries aside from Saudi Arabia. Yet international energy companies have been put off in recent years by political instability and tough contractual terms. Exxon Mobil Corp. is trying to sell a stake in the West Qurna-1 field, while TotalEnergies SE and Lukoil PJSC also want to divest some assets.

    BP’s presence in Iraq dates back to the 1920s, when its forebears helped discover the Kirkuk field in the north of the country. The company pulled out of the field last year.

    在线精品91青草国产在线观看| 中文成人无字幕乱码精品区 | 国产天天综合永久精品日| 国产综合色香蕉精品五月婷| 91久久精品91久久性色| 国产成人无码综合亚洲日韩| 成人区人妻精品一区二区三区| 亚洲国产午夜精品理论片| 久久精品亚洲中文字幕无码网站| 国产精品亚洲不卡一区二区三区| 精品国产男人的天堂久久| 国产精品1024在线永久免费| 日韩精品中文乱码在线观看| 久久91精品国产91| 精品国产鲁一鲁一区二区| 久久亚洲国产午夜精品理论片| 日韩高清免费在线观看| 精品欧美一区二区在线观看| 在线精品一卡乱码免费| 麻豆精品久久久久久久99蜜桃| 国产精品美女久久久m| 亚洲日韩精品一区二区三区| 久久99精品国产麻豆蜜芽| 日韩精品在线播放| 国产农村乱子伦精品视频| 97久久国产亚洲精品超碰热| 精品日韩亚洲AV无码一区二区三区| 99久久国语露脸精品国产| 国产成人亚洲精品影院| 国产精品99精品一区二区三区| 2021最新国产精品网站| 2022久久国产精品免费热麻豆| 青草国产精品久久久久久| 久久精品亚洲一区二区| 亚洲国产精品特色大片观看完整版| 亚洲午夜国产精品无码 | 精品无码人妻夜人多侵犯18 | 国产成人亚洲精品无码AV大片| 国产精品玖玖玖在线资源| 久久热这里只有精品在线观看| 91精品国产91久久久久青草|