BAGHDAD, Oct 3 (Reuters) - China National Petroleum Corp (CNPC) has increased its stake in a project to develop Iraq's super-giant Rumaila oilfield, while Britain's BP (BP.L) has lowered its share, a senior Iraqi oil official said on Saturday.
The official, who declined to be named, said CNPC's stake was now 37 percent, up from an original 25 percent, and that BP's had fallen to 38 percent, down from 50 percent.
Iraq's State Oil Marketing Organisation will continue to hold 25 percent.
BP and CNPC officials met Iraqi officials in Basra in late September as part of steps to finalise the Rumaila deal, the Iraqi oil official said, giving no timeline for completion. (Reporting by Ahmed Rasheed, writing by Mohammed Abbas: Editing by Angus MacSwan)
Thomson Reuters 2009 All rights reserved.
The official, who declined to be named, said CNPC's stake was now 37 percent, up from an original 25 percent, and that BP's had fallen to 38 percent, down from 50 percent.
Iraq's State Oil Marketing Organisation will continue to hold 25 percent.
BP and CNPC officials met Iraqi officials in Basra in late September as part of steps to finalise the Rumaila deal, the Iraqi oil official said, giving no timeline for completion. (Reporting by Ahmed Rasheed, writing by Mohammed Abbas: Editing by Angus MacSwan)
Thomson Reuters 2009 All rights reserved.