Sale of Exxon Mobil stakes makes Beijing top consumer of Iraq’s oil

Sale of Exxon Mobil stakes makes Beijing top consumer of Iraq’s oil

Special to WorldTribune.com Compiled by Miles Yu, Geostrategy-Direct.com The U.S. oil giant Exxon Mobil Corp has decided to sell its stakes in the West Qurna phase 1 oilfield in Iraq. Exxon will sell its stakes to Chinese state-run oil giant China National Petroleum Corp [CNPC], China’s official newspaper China Daily confirmed on Jan. 24. With […]