Iraq's PM wants another American company when Exxon exists
Iraq's Prime Minister Mustafa al-Kadhimi said that he wants another American company to replace Exxon Mobil Corp when it exits Iraq, reported Reuters.
"Exxon Mobil is considering exiting Iraq for reasons that are to do with its internal management practices, decisions, and not because of the particular situation in Iraq," Kadhimi told a small group of reporters in Washington after talks with President Joe Biden.
"When Exxon Mobil departs, we will not accept its replacement to be other than another American company," he added, speaking through a translator.
Exxon has been seeking to sell its 32.7 percent stake in one of Iraq's biggest oilfields, West Qurna 1. Reuters reported that Exxon said in a statement "that it had entered into an agreement with Petrochina and China's offshore oil and gas major CNOOC Ltd to sell its West Qurna interest in January 2021."
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