American oil producer Marathon Oil has announced the completion of the sale of its 15% stake in the Atrush oil block in Iraq's northern Kurdistan region.
The oil block is currently operated by TAQA (39.9% stake) and producing 2,400 barrels per day. The remaining stakeholders for the project are Shamaran Petroleum (20.1%) with the Kurdistan Regional Government holding the remaining 25% stake.
The sale marks a complete exit from Iraq for Marathon Oil.
Source: World Oil