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Halliburton proposed to purchase ExxonMobil stake in Iraq’s West Qurna 1 oilfield


These translations are done via Google Translate
BASRA, Iraq, Dec 1 (Reuters) – Iraq is considering a proposal made by U.S. oil service company Halliburton (HAL.N) for buying Exxon Mobil’s (XOM.N) stake in the southern West Qurna 1 oilfield, a senior Basra Oil Co. Official said in a press conference on Wednesday.

“Halliburton submitted a proposal seeking the possibility to buy Exxon stake in West Qurna 1. In fact, it’s a possible option for the Basra Oil Company to consider after settling the situation with Exxon Mobile,” said Hassan Mohammed, deputy manager of the Basra Oil Co.

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The proposal was also confirmed by the Basra Oil Company director Khalid Hamza during a press conference held at the company’s headquarters on Wednesday.



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