Iraq Official: Exxon Seeks Exit Deal This Year

By: The Associated Press Email

Posted: Sat 5:09 PM, Nov 10, 2012

BAGHDAD- An Iraqi official says Exxon Mobil expects to reach a deal by year's end to sell its stake in a major oil field in the country's south.

Faisal Abdullah, who is spokesman for Iraq's deputy prime minister for energy affairs, said Friday that the Irving, Texas-based oil giant has reached out to companies including Royal Dutch Shell, Lukoil, BP, CNPC and Eni about its stake in the 8.6 billion barrel West Qurna Phase 1 project.

Exxon declined to comment.

The other companies had no public comment or could not be reached. Russia's Interfax news agency quoted a Lukoil official saying it has received an offer from Exxon and hasn't yet made a decision.

Exxon upset Baghdad last year when it agreed to hunt for oil in Iraq's self-ruled Kurdish region.

Baked Alaska: Unusual Heat Wave Hits 49th State

We ask that the following Community Standards be followed:

Comments must not be profane or vulgar.

Comments must not use hate speech, racial slurs, or violent descriptions.

We encourage varying views to be shared. We do ask commenters to not personally attack other readers, groups, people featured in our stories, or other posters for disagreeing with their views.

Comments must not contain negative, comparative debates between community standards of cities or towns.

Comments must contribute to the discussion, flaming and/or trolling will not be tolerated.

Comments must be truthful and not intentionally falsified. Providing a source link is encouraged.

If you find that a comment violates the above rules, please use the flagging option located to the right of the comment to notify the moderators.
For a complete list of guidelines, please follow this link:
http://www.kbtx.com/home/misc/Online-Commenting-Policy-181579421.html

Iraq Official: Exxon Seeks Exit Deal This Year

AP Video