July 18 (Reuters) – U.S. oil major Occidental Petroleum Corp (OXY.N) and Indonesian state oil firm Pertamina have shown an interest in taking a stake in Sonangol’s two Iraqi oilfield development projects, a company official said Sunday.
“Our proposal will be for Sonangol to have a percentage of 45 percent … in Najmah and Qayara,” Sonangol executive J. da Graca Luis told Reuters in Baghdad on the sidelines of a meeting between oil companies and the Oil Ministry.
“The rest will be for Occidental or Pertamina or whoever,” Luis said.
Sonangol currently has a 75 percent stake in the oilfield projects, with the state oil company holding 25 percent. (Reporting by Rania El Gamal; Writing by Michael Christie; Editing by David Holmes)