Exxon pressing toward West Qurna sale
In the latest sign that Exxon is looking to sell its major interest in southern Iraq, the company has requested permission to share field data with other companies.
A worker adjusts the valve of an oil pipe at the West Qurna 1 oilfield in Basra on Nov. 28, 2010. (ATEF HASSAN/Reuters)
BAGHDAD - ExxonMobil has taken further steps toward selling its stake in the development of the super-giant West Qurna 1 oil field.
In a formal letter to the Oil Ministry, Exxon recently requested permission to share information about the field with other companies - the latest indication that the American super major is looking for buyers.
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