Petroliam Nasional Berhad decided to sell the share in the Iraq Garraf oil field

Malaysian Petroliam Nasional Berhad notified the Iraq party that wants to sell the share of the operator in a Garraf oil field (Garraf) with a productivity of 155 thousand barrels per day, transfers Iraq Oil Report information agency "Interfaks". According to the edition, Petroliam Nasional Berhad it intends to leave the project because of back payments from outside Iraq and low rate of return. The top management of Petroliam Nasional Berhad at the end of May reported to chapter of Ministry oil of Republic of Iraq that company studies possibility of sales the 45%-y of a share of the Indonesian Perusahaan Pertambangan Minyak dan Gas Bumi Negara, follows from the document following the results of a meeting which IOR has. Two employees...