Iraq in 'Final Stages' of Southern Oilfields Talks
Iraq's talks with U.S. oil major Exxon Mobil (XOM) 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.
Reporting by Ahmed Rasheed