Exxon Mobil is in advanced stages of discussions with possible buyers to take on Iraq's West Qurna 1 oilfield, Deputy Prime Minister for Energy Hussain Shahristani said."There are sufficient number of interested buyers with the financial resources and the technical know-how to purchase their interest," Shahristani said on Tuesday.Exxon Mobil, which has signed oil deals in Iraq's autonomous Kurdistan region that are seen as more lucrative but dismissed by the central government as illegal, has informed the Iraqi government it wants to pull out of the $50 billion West Qurna 1 project in southern Iraq.Shahristani told reporters on the sidelines of the Oil and Money conference in London that Exxon would soon hand over the field to a company that had the capabilities to exploit it.
Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. Shares of XOM fell by 0.03% or $-0.025/share to $87.30. In the past year, the shares have traded as low as $73.90 and as high as $93.67. On average, 11944800 shares of XOM exchange hands on a given day and today's volume is recorded at 6490943.
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