Iraq is in talks with ExxonMobil to take over its 32.7% stake in West Qurna 1, the country’s oil minister said May 3, as the US major seeks to exit one of the world’s largest oil fields with its expected recoverable reserves of over 20 billion barrels.  Ihsan Ismaael disclosed the talks in a press conference in Baghdad broadcast by Qatari news channel Al Jazeera on May 3. As a matter of practice, ExxonMobil does not comment on commercial discussions, a spokeswoman said. The minister had previously said Iraq was in talks with potential unnamed US energy companies to […]