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Exxon Mobil and Iraq Ministry of Oil Continue to Negotiate Multi Billion Dollar Project in Southern Iraq

Exxon Mobil and the Iraq Ministry of Oil have not yet reached an agreement for the development of Iraq’s southern oilfields.

Exxon Mobil and the Iraq Ministry of Oil have not yet reached an agreement for the development of Iraq’s southern oilfields. In an effort to ramp up output from the regions several oil fields, Minister of Oil, Jabar al-Luaibi began to finalize negotiations with Exxon Mobil in October 2017 to also develop oil pipelines, storage and a seawater injection project. 


Minister al-Luaibi stated the project will go out to tender again if negotiations are not completed on the multi-billion dollar project. Source: Reuters 

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