Iraq Would Favour CNPC & Lukoil Bids for W. Qurna 1

Source: Reuters 11/16/2012, Location: Middle East

Iraq has informed Russia's LUKOIL and China's CNPC it would favour their bids if they decided to buy Exxon Mobil's stake in the West Qurna-1 oilfield, oil ministry sources said.

"During two separate meetings with executives from CNPC and LUKOIL, Iraq informed the companies that it favours their contribution to purchase Exxon's share in West Qurna-1 oilfield," a senior Iraqi oil ministry official told Reuters.


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