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Occidental" is seeking to sell its stake in the Zubair field

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Rocky


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Occidental" is seeking to sell its stake in the Zubair field





November 12, 2015 0

Our economy / Baghdad

Iraqi oil officials said that the fourth company "Occidental Corp." In terms of the volume of oil production in the United States is seeking to sell its stake in the Zubair field. Stating that this field reserves of 4 billion barrels, and that the sale would be for the South Oil Company of Iraq government

He said, "Assem Jihad," a spokesman for the Iraqi Oil Ministry, said that "Occidental" I have asked the ministry to approve the sale of its stake in the Zubair field, and that the ministry in the process of approval of the application to move to the south share Occidental Petroleum Company.

Occidental's share amounting to 29.69% and in southern Iraq reality field.

And the Italian company Eni operates the field and holds a 41.56% stake, while South Korean company Kogas owns 23.75%, and the company Maysan Iraqi government oil share of 5%.

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