Competition Heats Up Over 2.8Mn B/D West Qurna-1
At least two firms are in serious negotiations to take stakes in the ExxonMobil-led 2.825mn b/d West Qurna-1 field development project, MEES learns.
A Reuters report from Beijing that CNPC was close to a deal could not be confirmed by MEES press time. But the Chinese state oil behemoth was in talks earlier in the year and is known to be keen to expand its already dominant presence in Iraq’s upstream. CNPC...