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.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.