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Post by RamblerNash Wed Jan 05, 2022 9:16 pm

The National Oil Company decides to acquire ExxonMobil's stake in West Qurna 1 3467
oil field
 
01/05/2022

Economy News - Baghdad

The Ministry of Oil announced that the National Oil Company has acquired ExxonMobil's stake in the West Qurna 1 field in Basra.

ExxonMobil had decided to sell its 32.7% stake in the field, and conducted negotiations with Chinese companies, but Iraq refused to sell the stake to any foreign company.

And Oil Minister Ihsan Abdul-Jabbar Ismail revealed that the Cabinet approved the National Oil Company's acquisition of ExxonMobil's share in West Qurna/1, which is one of the giant fields.

https://economy-news.net/content.php?id=27067

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