France’s TotalEnergies sells stake in Iraqi Kurdish oil field
The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department.
A French energy giant has completed the sale of its stake in an Iraqi oil field.
TotalEnergies sold its 18% interest in the Sarsang oil field in the Kurdistan Region of Iraq to ShaMaran Petroleum Corp for $155 million. An additional $15 million is payable “depending on production and oil prices,” according to a press release.
