Exxon to Sell Stakes in Iraq Field to PetroChina, Pertamina
02.20.2023 By TankTerminals.com - NEWS

February 20, 2023 [wsj] – West Qurna-1 Project Is Projected to Rival Some of the World’s Biggest Sources of Oil

 

Exxon said Thursday that PetroChina would take a 25% stake in the project and Pertamina would take a 10% stake. The West Qurna-1 field is located near Basra in southern Iraq. It is one of several big fields that Western oil companies agreed in 2010 to help Iraq develop.

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