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Iraq’s talks with U.S. oil major Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion. its oil minister Jabar al-Luaibi said on Monday.
“Talks are in advanced final stages with Exxon to develop and finance the important south project.“ Luaibi told reporters after a meeting an Exxon delegation in Baghdad.
The enhanced recovery project targets the Luhais. Nassiriya. Tuba. Nahr Bin Umar and Artawi oilfields.
Iraq. OPEC’s second-largest producer. had approached PetroChina and Exxon Mobil about investing in the project. Iraqi officials have said.
