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|11 February, 2019

Iraq still at odds with Exxon, Petrochina over project -minister

The South Integrated Project involves development of the Nahr Bin Umar and Ratawi oilfields and related infrastructure.

A worker of Iraq's state-run South Oil Company (SOC) walks past a crude processing facility at Nahr Bin Umar field, north of Basra, 420 km (260 miles) southeast of Baghdad October 3, 2011.

A worker of Iraq's state-run South Oil Company (SOC) walks past a crude processing facility at Nahr Bin Umar field, north of Basra, 420 km (260 miles) southeast of Baghdad October 3, 2011.

REUTERS/Atef Hassan

BASRA, Iraq- Iraqi Oil Minister Thamer Ghadhban said on Monday that disagreements remained over profit-sharing between the government and Exxon Mobil and Petrochina over its South Integrated Project.

Speaking at a news conference in Basra during his first visit to the oil-rich province since taking office, Ghadhban said he believed profits exceeding the agreed upon price should go to Iraq, not to foreign companies.

The South Integrated Project involves development of the Nahr Bin Umar and Ratawi oilfields and related infrastructure.

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(Reporting by Aref Mohammed; writing by Ahmed Aboulenein; editing by Jason Neely) ((ahmed.aboulenein@tr.com; +964 790 191 7021; Reuters Messaging: ahmed.aboulenein.thomsonreuters.com@reuters.net))

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