Tag Archives: PetroChina to replace Exxon in Iraq’s oilfield

BASRA: Iraq has signed a settlement agreement with US energy giant Exxon Mobil Corp to finalise its exit from the West Qurna 1 oilfield and allow PetroChina to become the field’s lead contractor, a senior Iraqi oil executive said on Saturday. “We studied the settlement agreement and the oil ministry with the Basra Oil Company believe that the best option …

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