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Basra Oil: Selling 10% of ExxonMobil's stake is contingent on a single action
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Economy News _ Baghdad
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Added 08/02/2022 - 1:59 PM
Update 08/02/2022 - 2:52 PM
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Economy News _ Baghdad
Today, Tuesday, the Basra Oil Company clarified the details of selling 10% of ExxonMobil's stake in the West Qurna 1 field, indicating that this depends on a single procedure.
The Deputy Director-General of the Basra Oil Company, Hassan Muhammad Hassan, said in an interview with the Iraqi News Agency and followed by "Economy News", that "the Indonesian Oil and Gas Company (Pertamina) will buy 10% of ExxonMobil's share in the West Qurna 1 oil field in southern Iraq."
He continued, by saying: "This is what was agreed upon between the joint parties, and its implementation is subject to the signing of the settlement agreement with the Basra Oil Company."
Earlier, the Council of Ministers agreed that the National Oil Company would acquire ExxonMobil’s stake in the West Qurna/1 field.
Views 13
Added 08/02/2022 - 1:59 PM
Update 08/02/2022 - 2:52 PM
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