皇冠体育app

Petro皇冠体育app Co Ltd, the country's largest oil producer, has finalized an agreement with the United States-based energy giant Exxon Mobil Corp to buy a 25 percent stake in Iraq's West Qurna 1 oilfield, Petro皇冠体育app said on Thursday.

The cooperation project between the world's top listed oil companies will further boost the Chinese giant's already strong presence in Iraq's oil industry.

Participating in the project will allow Petro皇冠体育app to expand its upstream businesses in the Middle East and is significant for the company's development in the high-end oil market, Petro皇冠体育app said in a statement.