Market Chatter: Exxon Mobil, Chevron Among Potential Suitors for Lukoil's West Qurna 2 Stake

MT Newswires Live12-09 20:17

Exxon Mobil (XOM) and Chevron (CVX) are among the potential suitors for Lukoil PJSC's stake in the West Qurna 2 oil field in Iraq, as the Iraqi Oil Ministry looks to transfer the holding to an American company before Lukoil's sanctions waiver expires, Bloomberg reported Monday, citing people familiar with the matter.

The US government supports the plan to transfer Lukoil's stake to a US entity, the report said. A source said Iraq could prefer Exxon Mobil, which previously operated the West Qurna 1 oil field, Bloomberg said.

Exxon Mobil, Chevron, and Lukoil did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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