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)

Related posts:

Iraq may Buy Exxon stake in West Qurna 1 China to Buy of Exxon's stake in West Qurna? DNO Buys Exxon's Stake in Iraqi Oilfield Total "in Talks" to Sell Stake in Iraqi Oil Field