Mubadala Eyes West Qurna-1 Stake

摘要

Exxon Mobil is in negotiations to sell 5% of its stake in Iraq’s West Qurna-1 oil field to Abu Dhabi’s state-run investment fund Mubadala, part of the US major’s moves to reduce its exposure there, Iraqi oil officials said on Thursday. Any sale of a part of West Qurna would follow Exxon’s decision last year to sell its stake in the $60 billion field after upsetting Iraq’s central government by signing deals with the country’s autonomous Kurdistan region (OD Jan.16’13).