Iraq "formally asks" to buy Exxon's West Qurna stake

By John Lee.

Iraq is reported to have formally asked to buy ExxonMobil's share in the West Qurna 1 oil field.

Basra Oil Company (BOC) director, Khalid Hamza, told Reuters that the US company is attempting to sell its 32.7-percent stake for $350 million.

More here.

(Source: Reuters)

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