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Premier Oil Announces 'Successfully Exiting' Holdings in Iraq

In 2012, Premier Oil was awarded a 40% stake in Block 12


Premier Oil recently announced that the company “successfully exited” its interests in Iraq. In 2012, Premier Oil was awarded a 40% stake in Block 12 concession in 2012 however, they announced in late 2015 Russian Bashneft would be taking over Block 12, and was later acquired by Rosneft.

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