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Exxon Mobil (NYSE:XOM) is in talks with BP (NYSE:BP), Shell (NYSE:RDS.A), Lukoil, CNPC and Eni...

Nov. 09, 2012 6:16 AM ETExxon Mobil Corporation (XOM) StockBP, XOM, SHEL, E, LUKOY, LUKOFBy: Yigal Grayeff, SA News Editor
Exxon Mobil (NYSE:XOM) is in talks with BP (NYSE:BP), Shell (NYSE:RDS.A), Lukoil, CNPC and Eni (NYSE:E) about selling its stake in the West Qurna-1 oilfield in southern Iraq, a senior government spokesman says. Exxon expects to complete a sale of the "super-giant oilfield" by the end of December. It's getting out so it can concentrate on exploration projects in Kurdistan, which is in a dispute with Baghdad over the region's energy resources.

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