Pertamina to Buy Stake in West Qurna?

By John Lee.

Indonesia's Coordinating Minister for the Economy, Hatta Rajasa (pictured), has said Pertamina is considering taking a stake of up to 20 percent in the West Qurna-I block, which is owned by Exxon Mobil.

According to a report from Fox Business, Mr. Rajasa told reporters:

"Exxon has got a new oil field in another part of Iraq and because of that it has to sell its stake in the West Tuba [sic] as required by the regulation set by the government of Iraq."

(Source: Fox Business)

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