(MENAFN- Iraq Business News)
Writing in Oil Price , Simon Watkins that the recent approval of the Iraqi National Oil Company (INOC) 's acquisition of ExxonMobil 's 32.7 percent stake in the West Qurna 1 oil field is likely to leave China delighted, the U.S. irritated, and Iraq's oil industry still unable to achieve any of its key oil output goals.
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