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Dubai Iraq is in talks with ExxonMobil to take over its 32.7% stake in West Qurna 1, the country s oil minister said May 3, as the US major seeks to exit one of the world s largest oil fields with its expected recoverable reserves of over 20 billion barrels. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ihsan Ismaael disclosed the talks in a press conference in Baghdad broadcast by Qatari news channel Al Jazeera on May 3. As a matter of practice, ExxonMobil does not comment on commercial discussions, a spokeswoman said. The minister had previously said Iraq was in talks with potential unnamed US energy companies to take over ExxonMobil s stake. Other partners in West Qurna 1, where ExxonMobil is the main operator, are PetroChina (32.7%), Japan s Itochu (19.6%), Indonesia s Pertamina (10%) and Iraq s Oil Exploration Co. (5%). ....