Iraq May Buy Exxon’s Stake In Major Iraqi Oilfield

Iraq could buy ExxonMobil’s 32.7-percent stake in one of the largest oilfields in OPEC’s second-largest producer, West Qurna 1, Bloomberg quoted Iraq’s oil minister Ihsan Abdul Jabbar Ismaael as saying on Monday. Reports of the U.S. supermajor potentially divesting its stake in the large Iraqi oilfield are not new. Last year, Bloomberg reported that Chinese state giants China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) were interested in buying ExxonMobil’s entire operating stake…