Iraq rejects Exxon’s proposed West Qurna 1 sale

In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms.

Flares at the West Qurna 1 oil field on March 15, 2018, the day a new wet-gas treatment unit was commissioned. (JASSEM AL-JABIRI/Iraq Oil Report)

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