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.
SAN FRANCISCO - At Pinterest, the online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male.
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.