Iraq, Exxon to sign Majnoon oilfield agreement Wednesday, sources say

Core Points - Iraq and Exxon Mobil will sign an agreement for the management, development, and operation of the Majnoon oilfield, marking Exxon's return after a two-year absence [1] - The agreement will include upgrading Iraqi oil export infrastructure and a profit-sharing arrangement for crude oil and refined products [1] - Iraq's state oil company SOMO will also secure storage capacity in the Asian market through an agreement with Exxon [2] - SOMO is in advanced talks with Exxon regarding storage capacity in Singapore using tanks owned by Exxon [2] - Over the past two years, Iraq has signed agreements with other oil majors like Chevron, TotalEnergies, and BP, who had previously withdrawn from the country [3]