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BAGHDAD / obelisk: Exxon Mobil sold the U.S., on Thursday, part of its stake in the controversial giant oil field in southern Iraq, two Chinese companies, PetroChina and Indonesia's Pertamina.
The share sale comes Exxon Mobil part of its stake in the West Qurna 1, one of the largest oil fields in Iraq, amid disagreements between the federal government in Baghdad and the U.S. company after a giant company contracts with the Kurdistan region of Iraq.
A spokesman for the Oil Ministry, Assem Jihad, said in a statement that he "was signed on Thursday, to complete the sale of Exxon Mobil for a portion of its stake in a field west of Qurna 1 amounting to 60 percent."
Jihad said that "the U.S. company sold 35 percent of its stake and 25 percent remained with the survival of the main operator of the field, as is the case now."
He pointed out that "PetroChina bought a 25 percent in Indonesian Pertamina bought ten percent share of the U.S. Exxon Mobil."
The statement issued by the Office of the Deputy Prime Minister for Energy Hussain al-Shahristani was quoted as President Commissioner of PetroChina Chinese Wang Shali yesterday as saying that "tomorrow will witness the signing of the final agreement between her company and Exxon Mobil to buy some shares last in the West Qurna field to become the share of PetroChina 25% servings of consortium. "
The coalition, led by Exxon Mobil and the American Anglo-Dutch company Shell concluded an agreement with Baghdad to develop the production of the oil field, which contains reserves of 8.5 billion barrels.
Exxon Mobil signed in October a contract to the discovery of oil in Iraqi Kurdistan with ten regions, disputed the Kurdish regional authorities and the central government in Baghdad sovereignty them.
The government in Baghdad has confirmed that all oil contracts should be subject them are contracts that do not have their consent is illegal
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The share sale comes Exxon Mobil part of its stake in the West Qurna 1, one of the largest oil fields in Iraq, amid disagreements between the federal government in Baghdad and the U.S. company after a giant company contracts with the Kurdistan region of Iraq.
A spokesman for the Oil Ministry, Assem Jihad, said in a statement that he "was signed on Thursday, to complete the sale of Exxon Mobil for a portion of its stake in a field west of Qurna 1 amounting to 60 percent."
Jihad said that "the U.S. company sold 35 percent of its stake and 25 percent remained with the survival of the main operator of the field, as is the case now."
He pointed out that "PetroChina bought a 25 percent in Indonesian Pertamina bought ten percent share of the U.S. Exxon Mobil."
The statement issued by the Office of the Deputy Prime Minister for Energy Hussain al-Shahristani was quoted as President Commissioner of PetroChina Chinese Wang Shali yesterday as saying that "tomorrow will witness the signing of the final agreement between her company and Exxon Mobil to buy some shares last in the West Qurna field to become the share of PetroChina 25% servings of consortium. "
The coalition, led by Exxon Mobil and the American Anglo-Dutch company Shell concluded an agreement with Baghdad to develop the production of the oil field, which contains reserves of 8.5 billion barrels.
Exxon Mobil signed in October a contract to the discovery of oil in Iraqi Kurdistan with ten regions, disputed the Kurdish regional authorities and the central government in Baghdad sovereignty them.
The government in Baghdad has confirmed that all oil contracts should be subject them are contracts that do not have their consent is illegal
[You must be registered and logged in to see this link.]
