Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, November 30, 2013

Energy News Roundup: PetroChina to Buy Stake in Iraq’s West Qurna Field from ExxonMobil

Energy News Roundup: PetroChina to Buy Stake in Iraq’s West Qurna Field from ExxonMobil

By Conway Irwin
We hope everyone had a wonderful Thanksgiving and ate far too much yesterday… PetroChina has agreed to buy 25% of the West Qurna oil field in Iraq from ExxonMobil for an undisclosed sum. An analyst at Sanford Bernstein previously estimated the value of ExxonMobil’s 60% interest in the field at $3 billion. [Bloomberg] An easinghttp://breakingenergy.com/2013/11/29/energy-news-roundup-petrochina-buys-stake-in-iraqs-west-qurna-field-from-exxonmobil/?utm_source=Breaking+Energy&utm_campaign=bdb23eb5ad-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_f852427a4b-bdb23eb5ad-407304281

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