Posted on 29 November 2013 .
By John Lee.
ExxonMobil signed agreements on Thursday with PetroChina for a 25 percent participating interest in the West Qurna I project in Iraq, and with Indonesia’s Pertamina for a 10 percent participating interest in West Qurna I.
ExxonMobil retains 25 percent interest and remains lead contractor.
The transfer has been approved by the South Oil Company, Oil Exploration Company of the Iraqi Ministry of Oil and Shell West Qurna B.V., as members of the West Qurna I contractor consortium.
China is already the top foreign player in Iraq’s oilfields.
(Picture: Rex Tillerson, chairman, president, and CEO of Exxon )
Dr. Mark A. DeWeaver
|Banks Signal Drop in Iraqi GDP||Ahmed Mousa Jiyad||The Balance Sheet of the Recent IFG-KRG Oil Deal|
|Ruth Lux||Baghdad’s Revenue-Sharing Deal: Avoiding a...||John Schnittker||Water and Wheat: ISIS Weapons?|
|Madeleine White||Mawada – a promise of...||Robert Tollast||Iraq Britain Business Council: Accentuating...|