After much speculation and search for possible takers Iraq finally sends a formal request to take over ExxonMobil's stake in the West Qurna-1 oil field.
Iraq's very own state oil company is the most likely candidate to acquire ExxonMobil's stake in the West Qurna-1 operator sale.
OPEC's second largest oil producer is seeking to spend $15 billion to boost its gas production.
Dana Gas and Crescent Petroleum will revive expansion works on the Khor Mor project in Kurdistan Region after a year of delay.
Iraq aims to finalize the sale of Exxon stakes in the West Qurna-1 oil field by end of June.