How China Took Control Of Exxon's Supergiant Iraqi Oilfield
Recent reports suggest that Chinese oil giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) are "considering acquiring" U.S. oil titan ExxonMobil's 32.7 per cent stake in Iraq's supergiant West Qurna 1 oil and gas field.
Writing in Oil Price, Simon Watkins says these reports are missing the point.
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