ExxonMobil’s long goodbye with Iraq continues to drag on, with the firm so far unable to finalize the sale of its remaining 22.7% stake in the 500,000 b/d capacity West Qurna-1 field. ExxonMobil is committed to exiting, it wants to tie up all loose ends before leaving, while Iraq still retains hope it can convince the US major to stay.
The current shareholders are ExxonMobil (22.7%op), CNPC (32.7%), Pertamina (20%), Japan’s Itochu (19.6%) and Iraq state Oil Exploration Co. (5%). (CONTINUED - 378 WORDS)
