FACTBOX - Iraqi oilfield deals in the pipeline
(Reuters) - British oil major BP Plc and China's CNPC have signed Iraq's first major new oil deal since the 2003 U.S. invasion for supergiant Rumaila, and Baghdad is close to finalising pacts on several other large oilfields.
The agreements have the ability to turn Iraq into the world's number three producer after Russia and Saudi Arabia.
Here are facts on deals in the pipeline:
* RUMAILA
BP and CNPC won the contract to boost output from the Rumaila field, Iraq's largest, in June. Rumaila has reserves of nearly 17 billion barrels, which alone is more than all the oil held by OPEC member Algeria.
Rumaila is the workhorse of Iraq's oil industry, providing just over 1 million bpd of the country's 2.5 million bpd output.
BP has pledged to boost output to 2.85 million bpd.
* ZUBAIR
Eni, Occidental and KOGAS have won a contract to develop the Zubair oilfield. Zubair has oil reserves of 4 billion barrels. Eni has pledged to boost output there to 1.125 million bpd from 195,000 bpd. Continued...
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