China takes over as ExxonMobil leaves Iraq’s West Qurna-1 oilfield

Issue 1184 - 23 Jan 2024 | 1 minute read

US major ExxonMobil has sold its interests in the West Qurna-1 oil field to the state-owned Basra Oil Company and Indonesia’s Pertamina, leaving China National Petroleum Corporation’s PetroChina arm as the biggest shareholder in this once widely-coveted asset.

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