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

by Mike Robinson

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© Reuters. FILEPHOTO: An ExxonMobil foreign security staff member walks alongside a West Qurna-1 employee during the ceremony of opening near Basra in Iraq, June 17, 2019. REUTERS/Essam Al-Sudani

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BASRA (Reuters) – Iraq considers a U.S.-based oil service company Halliburton’s (NYSE:) proposal for purchasing Exxon Mobil (NYSE:)’s stake at the south West Qurna 1 crude oilfield. This was stated by a top Basra Oil Company official in a Wednesday press conference.

Halliburton presented a proposal to purchase an Exxon share in West Qurna. 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.

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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