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Business, Economy, Energy

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Iraq acquires ExxonMobil share

The share was bought by Iraqi national oil company.
By TRENDS Desk
January 6, 2022 12:28 pm
  • The share was bought by Iraqi national oil company in the West Qurna field
  • The field is one of the giant fields, the Iraqi oil ministry statement said

The Iraqi cabinet on Wednesday approved the acquisition of ExxonMobil’s share in the West Qurna field by the national oil company.

“The cabinet has approved the acquisition of ExxonMobil’s share in the West Qurna/1 field,” Oil Minister Ihsan Abdul Jabbar Ismail said in a statement received by the Iraqi News Agency (INA).

“The West Qurna field is one of the giant fields,” the statement added.

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