The U.S.’ ExxonMobil has offered its 60% stake in the Iraqi field West Qurna-1 to the Russian oil company Lukoil, Lukoil Overseas CEO Andrei Kuzyayev said on Friday, Prime Business News Agency reported.
“We have received the proposal and we are currently studying it,” he said.
Lukoil is currently developing the West Qurna–2 deposit, but it lost a tender for the West Qurna-1 stake to the consortium of ExxonMobil and Royal Dutch Shell.
Media reported earlier that ExxonMobil will curb its activities in this Southern field to concentrate on the development of six deposits in Iraq’s autonomous Kurdish region. By now Kurdish authorities have not reached an agreement over oil export terms with Baghdad. The central government earlier pronounced its dissatisfaction with Exxon Mobil’s exploration of areas and according to media sources it might expel the company from West Qurna-1.
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