INDONESIA PRESS-Pertamina buys 10 pct stakes in Exxon Mobil Iraq – Investor Daily

PT Pertamina Irak Eksplorasi Produksi, a unit of state oil and gas firm PT Pertamina , has finalized a deal to buy 10 percent shares in Exxon Mobil Iraq Limited in West Qurna-1 block, Iraq, which currently produces 500,000 barrels of oil per day, Investor Daily reports. The block is estimated to have oil reserves of about 9 billion barrels.

(REUTERS)


Leave a Reply