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Iraq says Exxon wants to quit West Qurna 1
- Iraq: Thursday, November 08 - 2012 at 10:33
Iraq's oil ministry has said ExxonMobil wants to withdraw of the $50bn West Qurna-1 oilfield in southern Iraq, Reuters has reported. "Exxon has stated in its letter that it has started discussions with some international oil companies to sell its stake," Abdul-Mahdy al-Ameedi, director of Iraq's contracts directorate, told reporters. Iraq's cabinet also said it was expelling Turkey's state-owned TPAO from its exploration 'Block 9' oilfield for an unspecified reason, denying it was prompted by any move by the Turkish company into Kurdistan.
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