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Lukoil (LUKFY.OB) will decide by the end of the year whether to acquire ExxonMobil's (XOM) stake...
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Wednesday, November 28, 2012, 5:45 AM ETLukoil (LUKFY.OB) will decide by the end of the year whether to acquire ExxonMobil's (XOM) stake in the massive West Qurna-1 oilfield in Iraq as it seeks to make up for falling output at depleted Russian reserves. Lukoil already drills in the West Qurna-2 deposit and controls the biggest reserves in the country among the foreign firms that operate there. Exxon has reportedly set a bid deadline of December 5.
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