Analysis: ExxonMobil’s share in the West Qurna 1 oil field
BAGHDAD - For more than two months, the topic of selling the U.S. company ExxonMobil's share in the Technical Service Contract for the West Qurna 1 oilfield from the First Licensing Round has been under discussion. Given the importance of the topic, I would like to clarify some provisions of this Contract.
To begin with, referring to this as a "share sale" is incorrect, since, when translated, the word mentioned in Article 28, “assignment,” means “transfer of ownership” or “forfeiture or giving up of ownership.”
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