Key Takeaways ExxonMobil signs preliminary deals to explore and develop Iraq's massive Majnoon oil field.The deal with Basra Oil Company and SOMO aims to expand production and enhance Iraq's exports.SOMO and ExxonMobil are discussing additional storage in Singapore to strengthen access to markets in Asia.Exxon Mobil Corporation (XOM) has signed preliminary agreements for the exploration and development of the Majnoon oil field in Iraq. This marks the energy firm’s re-entry into Iraq after two years since it ...