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BP-led consortium wins Iraq contract
- Iraq: Tuesday, June 30 - 2009 at 15:14
A consortium led by BP has won the contract for Iraq's Rumaila oil field after an alliance led by Exxon Mobil withdrew a rival bid, Iraqi Oil Minister Hussain al-Shahristani has announced. The consortium, which includes China's CNPC, was seeking $3.99 remuneration for each extra barrel of oil produced, but on Tuesday accepted the oil ministry's terms of $2 a barrel. Rumaila is the largest oil field in Iraq and one of the largest in the world.
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