ExxonMobil seeks sale of shares in Iraqi oil field project

03/28/2013 | Reuters

ExxonMobil is in talks with Mubadala, an Abu Dhabi state-run investment fund, on the sale of its 5% interest in the West Qurna-1 oil field in Iraq, Iraqi officials said. "Exxon is staying in West Qurna-1 at least until next year, but at same time the company is moving ahead to cut its share in the West Qurna project to shift focus to other projects," one official said.

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