Iraq still at odds with Exxon, Petrochina over project

Iraqi Oil Minister Thamer Ghadhban said on Monday that disagreements remained over profit-sharing between the government and Exxon Mobil and Petrochina over its South Integrated Project.

Speaking at a news conference in Basra during his first visit to the oil-rich province since taking office, Ghadhban said he believed profits exceeding the agreed upon price should go to Iraq, not to foreign companies.

The South Integrated Project involves development of the Nahr Bin Umar and Ratawi oilfields and related infrastructure.

 

Check Also

Trump calls 2024 election ‘final battle’ in first official campaign rally

Former US President Donald Trump has held his first official rally for his 2024 presidential …

Leave a Reply

Your email address will not be published. Required fields are marked *