Iraq sends formal request to buy ExxonMobil's stake in West Qurna 1 field
Share 2 days ago Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. Iraq has officially sent a request to acquire shares of US energy giant ExxonMobil in the West Qurna 1 oil field. National Iraqi company Basra Oil Company (BOC) director Khalid Hamza was reported by Reuters as saying in an interview: “A decision has been made and we sent a formal letter to ExxonMobil asking to buy its share.” Hamza noted the oil and finance ministries will undertake procedures required to secure financing for the possible acquisition, which ...