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Iraq wants American firm to replace Exxon, prime minister says

Reuters 1/3 The logo of Exxon Mobil Corp is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. Read More WASHINGTON, July 26 (Reuters) - Iraq s Prime Minister Mustafa al-Kadhimi said on Monday he wants another American company to replace Exxon Mobil Corp (XOM.N) when it exits Iraq. Exxon, which in 2019 had looked poised to move ahead with a $53 billion project to boost Iraq s oil output, has been seeking to sell its 32.7% stake in one of Iraq s biggest oilfields, West Qurna 1. Exxon Mobil is considering exiting Iraq for reasons that are to do with its internal management practices, decisions, and not because of the particular situation in Iraq, Kadhimi told a small group of reporters in Washington after talks with President Joe Biden.

Iraq says BP and Lukoil want to sell down oil stakes

Iraq says BP and Lukoil want to sell down oil stakes BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister. By Bloomberg © Photographer: HAIDAR MOHAMMED AL Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister. In a video posted on a Facebook page under his name, Ihsan Abdul Jabbar said Lukoil sent him a notification to sell its stake in the West Qurna-2 field to Chinese companies, and that BP wants to pull out of the giant Rumaila field.

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