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Friday, 23 August 2013

Exxon selling Iraqi oilfield stakes to Petro China, Pertamina: Iraq minister

(Reuters) – Exxon Mobil (XOM.N) is selling stakes it controls in Iraq’s West Qurna-1 oilfield to China’s Petro China (0857.HK) and Indonesia’s Pertamina PERTM.UL, the country’s oil minister confirmed on Friday.


“25 percent to Petro China and 10 percent to Pertamina,” Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here.


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Nidhi Verma and Anurag Kotoky, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/zKQq5aFYfe8/

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