A consortium led by China’s CNPC, BP and Iraq’s South Oil Company – collectively known as Rumaila Field Operating Organization (ROO) – on Monday officially took over the operational management of Iraq’s largest oilfield, Rumaila which is in the south of the country bordering Kuwait.
The super giant oilfield has reserves of 17 billion barrels with and average daily output currently maintained at 1.03 million barrels, and is expected to be increased by 10% at 1.17 million barrels by the end of the year, CNPC said.Â
