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Iraq: Marathon Oil closes Kurdistan divestiture
02 Jun 2019
Marathon Oil has closed on the sale of its 15% participating interest in the Atrush Block in Kurdistan, where first quarter 2019 production averaged 2,400 net barrels of oil equivalent per day (100% oil). As previously disclosed, this divestiture represents a complete country exit for Marathon Oil.
Including this transaction and the recently announced agreement to divest of its U.K. business, Marathon Oil will have exited from 10 countries since 2013.
Source: Marathon Oil