Sunday 29 November 2015

Occidental, Pertamina mull Sonangol's Iraq deals

Baghdad, July 18, 2010

US oil major Occidental Petroleum Corp and Indonesian state oil firm Pertamina have shown an interest in taking a stake in Sonangol's two Iraqi oilfield development projects, a company official said Sunday.

"Our proposal will be for Sonangol to have a percentage of 45 per cent in Najmah and Qayara," Sonangol executive J. da Graca Luis told Reuters in Baghdad on the sidelines of a meeting between oil companies and the Oil Ministry.

"The rest will be for Occidental or Pertamina or whoever," Luis said. Sonangol currently has a 75 per cent stake in the oilfield projects, with the state oil company holding 25 per cent.-Reuters

Tags: Occidental Petroleum |

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