Published by Global Banking and Finance Review
Posted on December 2, 2025
1 min readLast updated: January 20, 2026
Exxon Mobil has shown interest in acquiring Lukoil's stake in Iraq's West Qurna 2 oilfield, as confirmed by Iraqi officials.
Dec 2 (Reuters) - Exxon Mobil has approached the Iraqi oil ministry to express its interest in buying Russian firm Lukoil's majority stake in the giant West Qurna 2 oilfield, five Iraqi official sources with direct knowledge of the matter told Reuters.
Exxon declined to comment and Lukoil didn't immediately respond to a Reuters' request for comment on the matter.
(Reporting by Ahmed Rasheed and Aref MohammedEditing by Bernadette Baum)
Exxon Mobil is one of the largest publicly traded oil and gas companies in the world, involved in the exploration, production, and distribution of oil and natural gas.
Lukoil is a major Russian multinational energy corporation, primarily engaged in the extraction, production, and sale of oil and gas.
The West Qurna oilfield is one of the largest oilfields in Iraq, known for its significant reserves and production capacity.
Foreign investment refers to the investment made by individuals or entities in one country into business interests in another country, often involving the purchase of assets or stakes in companies.
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