Iraq would favor bids by Russia's Lukoil (LUKFY.PK) and China's CNPC if they decide to buy Exxon...

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

Iraq would favor bids by Russia's Lukoil (LUKFY.PK) and China's CNPC if they decide to buy Exxon Mobil's (XOM) stake in the West Qurna-1 oilfield, a senior oil ministry official tells Reuters. A sale of the stake to either company would greatly strengthen the position of Russia or China in exploiting Iraq's oil reserves, the world's fourth biggest.