France’s Total Looks To Sell Its Stake In Kurdistan Oilfield ...Middle East

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France’s Total Looks To Sell Its Stake In Kurdistan Oilfield
source : OILPRICE ( Middle East ) () 12
France’s supermajor Total is in talks to sell its 18-percent stake in an oilfield in Iraq’s semi-autonomous region of Kurdistan, with which it could raise around $500 million, Bloomberg reported on Friday, quoting sources with knowledge of the plans.   Total is working with Jefferies Group on the potential sale of its stake in the Sarsang exploration block in northern Iraqi Kurdistan, which is operated by HKN Energy, a subsidiary of Dallas-based Hillwood International Energy. Total is looking to divest assets as it weathering this…

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