Exxon selling Iraqi oilfield stakes to Petro China, Pertamina: Iraq minister
NEW DELHI (Reuters) - Exxon Mobil (XOM.N) is selling stakes it controls in Iraq's West Qurna-1 oilfield to China's Petro China (0857.HK) and Indonesia's Pertamina PERTM.UL, the country's oil minister confirmed on Friday.
"25 percent to Petro China and 10 percent to Pertamina," Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here.
He added that the deal would be done "maybe after two to three weeks".
Exxon Mobil has a 60 percent stake currently in the giant oilfield and is the operator.
Company and industry sources said on Thursday that China and Indonesia were set to join Exxon Mobil's $50 billion project to develop the field.
TOKYO - Asian stocks slid on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.