PM Wants Another US Firm to Replace Exxon in Major Iraqi Field

published:27/07/2021 05:05 GMT

Iraq's Prime Minister Mustafa al-Kadhimi said on Monday he wants another American company to replace Exxon Mobil Corp. when it exits Iraq's West Qurna field. Exxon, which in 2019 had looked poised to move ahead with a US$53 billion project to boost Iraq's oil output, has been seeking to sell its 32.7% stake in one of Iraq's biggest oilfields, West Qurna 1. "Exxon Mobil is considering exiting Iraq for reasons that are to do with its internal management practices, decisions, and not because of...More