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Basra Oil Company (BOC)

Company

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History

2023: Purchase of ExxonMobil's stake in Iraq development project

On November 9, 2023, the American company ExxonMobil signed an agreement to transfer the remaining 22.7% in the West Qurna-1 oil field development project to the Iraqi state oil company Basra Oil Company (BOC). The leading contractor for this site is the Chinese oil and gas corporation PetroChina. Read more here.