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Iraq is moving to replace a US oil giant with two new companies
2019/08/08 12:40:10
Baghdad is close to a deal with the two companies, British "BP" and Italian "Eni", to build two oil export pipelines, which were previously part of a huge deal with "Exxon Mobil" US.
The news agency "Reuters" five Iraqi officials involved in the negotiations to confirm that the Italian and British companies, will build two oil pipelines under the sea for export, for 400 million dollars.
A few weeks ago, US energy giant Exxon Mobil appeared to be moving ahead with a $ 53 billion project to boost Iraq's oil production in its southern fields, an important step for the company's ambition to expand in the country, but officials said a combination of controversy over The contract and security concerns, heightened by rising tensions between Iran and neighboring Iraq, have hampered the deal.
The news agency "Reuters" five Iraqi officials involved in the negotiations to confirm that the Italian and British companies, will build two oil pipelines under the sea for export, for 400 million dollars.
A few weeks ago, US energy giant Exxon Mobil appeared to be moving ahead with a $ 53 billion project to boost Iraq's oil production in its southern fields, an important step for the company's ambition to expand in the country, but officials said a combination of controversy over The contract and security concerns, heightened by rising tensions between Iran and neighboring Iraq, have hampered the deal.
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