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01.06.2019 03:00:00

Marathon Oil Goes Truly All American As It Divests Iraq Play

Marathon Oil Corporation (NYSE: MRO) has completed its divestiture of its Kurdistan assets on Friday, according to company press release, as it seeks to divest nearly all its oil operations overseas to focus on operations in the United States. Marathon Oil held a 15% stake interest in the Atrush Block in the Kurdistan region in Iraq, and represents its only holding in the country. While the project was a small one, netting 2,400 barrels of oil equivalent per day, the exit is reflective of Marathon’s bigger push to shore up its business in…
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