DAVID HAFFENREFFER, CNN ANCHOR: Word this morning that one of the biggest oil companies in the world is turning its back on one of the most promising oil fields.</s>CHRISTINE ROMANS, CNN ANCHOR: Lionel Barber, news editor of the "Financial Times," joins us now from "FT"'s London newsroom with that story. Hi, Lionel.</s>LIONEL BARBER, NEWS EDITOR, "FINANCIAL TIMES": Good morning. Well, we've been reporting over the last few weeks in the "Financial Times" that BP has been looking at its stake in the Kazakhstan oil field off Kazakhstan. It has -- potentially it's huge development there. But BP has decided that because it can't take a really leading role in this international consortium, it's going to sell its stake to TotalFina. That's the big French oil giant that recently merged with Elf. And that will give Total an important but not decisive stake of around 25 percent. And BP seems, at least, to be saying, well, if we can't run it, we're not going to actually play in this game, we're going to look elsewhere.</s>HAFFENREFFER: What will the BP's strategy going forward here? Will they go seek out other oil reserves, oil fields?</s>BARBER: Absolutely. I mean, this is a company which merged with Arco. It put itself together with Amoco. It's one of the real world leaders. It's one of the few really global giants that we have in this country as a company. And it's looking at Alaska, it's looking still in Russia, in the Far East. And it's just sort of not playing -- putting all its considerable chips, if you like, in this very interesting area in Kazakhstan, where there are a lot of difficulties also with pipelines and Turkish interests and Russian interests. It's a real great game out there.</s>ROMANS: Interesting story. Lionel Barber, "Financial Times," thanks for joining us.
'Financial Times': BP Amoco to Sell Stake in Kazakstan Oil Field