Oil deal with ExxonMobil


Iraq's talks with US oil giant ExxonMobil to develop a multi-billion dollar project aimed at boosting production from several southern oil fields are drawing to a close, Oil Minister Jabbar al-Allaibi said on Monday.

"The talks are in final stages of progress with the company to develop and finance the important southern project," Al-Luaibi told reporters after meeting with a company delegation in Baghdad.
The improved extraction project targets the fields of Al-Lahis, Nasiriyah, Al-Tuba, Nahr Ben Omar and Artawi.