al-Rumeila awards lucrative oil contract to China National Petroleum Corporation , BP . Oil Minister Hussein Shahrastani chaired the government-sponsored auction for the oil and natural gas field contracts Tuesday , after a day 's delay due to a sandstorm . The joint BP bid was for the giant Iraq oil field . Energy companies expected to increase production at the field by 50 percent .
al-Rumeila awards lucrative oil contract to China National Petroleum Corporation , BP . The joint BP bid was for the giant Iraq oil field . Energy companies expected to increase production at the field by 50 percent .