Iraq, ExxonMobil eye oil agreements

06 Mar 2015

(MENAFN) Texas-based Exxon Mobil Corp is set to make a deal with Iraqi government to restructure oil agreements in such a way that Iraq will meet its near-term cash needs, Reuters reported.

According to the Chief Executive Officer of Exxon, any change will be beneficial to Exxon, the lead contractor set to rehabilitate the giant West Qurna oilfield in Iraq.

“By and large we are current in our payments,” the Chief Executive Officer said, adding that Iraq asked the Irving, Texas oil company for the talks.

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