PERTAMINA BUYS 10 PCT STAKES IN EXXON MOBIL IRAQ - INVESTOR DAILY
By VCPOST Staff Reporter
Dec 01, 2013 08:53 PM EST
Regions
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.
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