PetroChina acquires 25 percent of Iraqi oil field
(MENAFN) PetroChina said that it acquired a 25 percent stake in the Technical Service Contract (TSC) for an oil field in Iraq, Xinhua reported.
The stake, which PetroChina made formal delivery for its acquisition through its subsidiary, had been owned by a subsidiary of ExxonMobil.
The oil field, called West Qurna-1, is situated 50 km northwest of Basra, and is close to the north end of the Rumaila field.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment