Sunday, December 1, 2024
BP, PetroChina form JV to manage Iraq’s Rumaila oil field- oil and gas 360

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

World Oil 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.