Report: Shell, Lukoil target ExxonMobil's Iraqi oilfield shares

11/30/2011 | International Business Times

Royal Dutch Shell and Lukoil are seeking to purchase ExxonMobil's shares in Iraq's West Qurna oilfield, according to reports. The deal could occur by year's end, the report stated. Iraq has warned it would terminate Exxon's development contract for the field after the company struck a drilling deal with the Kurdistan regional government without requesting approval from the Iraqi government.

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