A consortium led by BP and including China's CNPC on Tuesday accepted a contract to develop Iraq's biggest oilfield

BAGHDAD, June 30 (Reuters) - A consortium led by BP and including China's CNPC on Tuesday accepted a contract to develop Iraq's biggest oilfield, the 17-billion barrel Rumaila field in the south, Iraq's oil minister said.
The winner of the bidding for the field, an Exxon Mobil-led alliance, had rejected the Iraqi Oil Ministry's maximum proposed per barrel fee for the contract, giving the BP group an opening to take it on.

an Exxon Mobil-led <----So Exxon don't have a contract??? well guess for all the rumors that Exxon has contracts just went out the window.