Iraq Denies Exxon Mobil Excluded from Huge Petroleum Agreement



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The ministry reported that its agreement with my company "BP" The British company Eni and the Italian company Eni are not part of the project worth $ 53 billion in southern Iraq for 30 years, but concern the processing of materials of two offshore oil pipelines for qualification in the Gulf export.

Reuters on Thursday quoted five top Iraqi oil executives as saying: Iraq Approaching an agreement with "B.W." Eni "About the export pipeline project was originally to be part of a broad agreement with ExxonMobil.

A statement from the ministry said "Confirmed Ministry of Petroleum Continuation of negotiations with Exxon Mobil ".

The statement added that "not reaching not Agreement The conclusion of a contract between the parties does not mean the termination of negotiations or the "exclusion" of ExxonMobil from this project, as some news agencies cited and quoted unnamed officials. " .

She continued to agree with "BP" and "Eni" It was limited to two offshore oil pipelines.

In its statement, the ministry said major strategic projects require more time, research, negotiation and studies.

The South integrated project includes a number of projects, including the development of two oil fields and the expansion of storage, transport and export, as well as the construction of two gas treatment and production units.

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The ministry said its agreement with BP and the Italian Eni was not part of the $ 53 billion project in southern Iraq for 30 years but was intended to equip equipment for two offshore oil pipelines in view of the qualification to export in the Gulf.

Reuters quoted five top Iraqi oil executives on Thursday as saying that Iraq was about to reach an agreement with BP and Eni on an export pipeline project that was originally scheduled to be part of the oil and gas industry. 39 huge deal with Exxon Mobil.

"The Oil Ministry has confirmed the continuation of its negotiations with Exxon Mobil," the ministry said in a statement.

"Failure to reach an agreement or a contract between the two parties does not mean the end of negotiations or the" exclusion "of Exxon Mobil from this project," the statement added.

The agreement with BP and ENI was limited to the two offshore pipelines.

In its statement, the ministry said major strategic projects require more time, research, negotiation and studies.

The South integrated project includes a number of projects, including the development of two oil fields and the expansion of storage, transport and export, as well as the construction of two gas treatment and production units.

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