Exxon Mobil (XOM -0.4%) is in talks with TPAO to buy a stake in a block in the Black Sea, the...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM -0.4%) is in talks with TPAO to buy a stake in a block in the Black Sea, the acting head of the Turkish state-owned energy company tells Reuters, as the country looks for ways to reduce its import dependence. XOM's reported interest in the block comes as no surprise, given its partnerships in the region with Russia’s Rosneft and also in Iraq and Kurdistan.