Exclusive: Exxon in talks with Iraq about buying Lukoil stake in giant West Qurna 2 oil field - sources

Core Viewpoint - Exxon Mobil is interested in acquiring Lukoil's majority stake in the West Qurna 2 oilfield in Iraq, indicating a strategic move to expand its oil production capabilities in the region [1] Group 1: Company Actions - Exxon Mobil has approached the Iraqi oil ministry regarding the potential acquisition of Lukoil's stake [1] - The interest in West Qurna 2 reflects Exxon Mobil's ongoing strategy to enhance its portfolio in key oil-producing regions [1] Group 2: Industry Implications - The acquisition could signify a shift in the competitive landscape of the Iraqi oil sector, particularly with the involvement of major international players like Exxon Mobil [1] - This move may also impact the operational dynamics within the West Qurna 2 oilfield, which is one of Iraq's largest oilfields [1]