(MENAFN- Iraq Business News) By John Lee.
Press reports quote Iraq's oil minister as saying that Iraq could buy ExxonMobil 's 32.7-percent stake in the West Qurna 1 oil field .
Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC) .
BOC previously took over the Majnoon field from Shell and Petronas at the end of June 2018.
It had previously been rumoured (see here and here ) that China would take over Exxon's holding in West Qurna 1.
Earlier this year, ExxonMobil sold its share in the Baeshiqa license in the Kurdistan region of Iraq to DNO .
(Sources: Reuters, Bloomberg)
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