Exxon notifies Baghdad of intent to sell West Qurna 1

ExxonMobil has told Iraq's top oil official that the company is actively seeking to sell its stake in the super-giant West Qurna 1 oil field.In a recent meeting with Deputy Prime Minister for Energy Hussain al-Shahristani, an Exxon executive said the company "wishes to withdraw from the West Qurna field," according to Shahristani's spokesman Faisal Abdullah.Although reports have long been circulating that the American oil giant is in talks with prospective buyers – and recently sent ...