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Iraq Considering Buying Exxon Stake in West Qurna 1 Oilfield


Tuesday, 4 May, 2021 - 05:15
Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. (Reuters)
Asharq Al-Awsat
Iraq is considering buying ExxonMobil s stake in the southern West Qurna 1 oilfield through state-owned Basra Oil Co (BOC), the country s oil minister said on Monday.
The oil ministry is discussing BOC taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon, Ihsan Abdul Jabbar told a news conference, referring to the huge Majnoon oilfield in Iraq s south.
Iraq said last month that ExxonMobil was seeking to sell its 32.7% stake in the West Qurna 1 field, and that the oil ministry had started discussions with US oil companies over a possible purchase. ....

Ihsan Abdul Jabbar , Abdul Jabbar , Midland Oil Company , Chevron Corp , Basra Gas Co , Gas Company , Basra Oil Co , West Qurna , Midland Oil , South Gas Company , Middle East , Al Qaeda , இசன் அப்துல் ஜபார் , அப்துல் ஜபார் , மிட்லாண்ட் எண்ணெய் நிறுவனம் , செவ்ரான் கார்ப் , வாயு நிறுவனம் , பாஸ்ரா எண்ணெய் இணை , மிட்லாண்ட் எண்ணெய் , தெற்கு வாயு நிறுவனம் ,