Iraq: Iraq Approaches Exxon, Petrochina over Southern Energy Project

Dec 28, 2015 | Aref Mohammed and Ahmed Rasheed, Reuters
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OPEC's second-largest producer, has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi oil official said. State-run South Oil Co. (SOC) is seeking investment from either or both of the companies to build infrastructure needed to raise output at fields it operates, SOC Deputy Chairman Basim Abdul Kareem told Reuters.