Iraq signs agreement with ExxonMobil for Majnoon oilfield development

ExxonMobil has reached a non-binding agreement with the Iraqi Government to assist in the development of the Majnoon oilfield and enhance oil exports. Bloomberg previously reported that the US-based oil and gas company is looking to re-enter Iraq two years after leaving. According to a Reuters report, Iraqi Prime Minister Mohammed Shia al-Sudani announced a non-binding agreement with Exxon but did not provide details. It follows Iraq's recent deals with other oil companies including Chevron, bp and Tota ...