BP is considering spinning off its oil assets in Iraq, including its holding in the world’s third-largest oilfield, into a company separate from the supermajor, which has set its sights on investing more in clean energy in coming years, sources with knowledge of the plan told The Wall Street Journal. BP is reportedly working on the plan to create the new company together with China National Petroleum Corporation (CNPC), the owner of PetroChina, which is BP’s partner in the field alongside the Iraqi state-owned Basra Oil Company (BOC),…
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