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BAGHDAD - Iraq's talks with U.S. oil major Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, its oil minister Jabar al-Luaibi said on Monday.
"Talks are in advanced final stages with Exxon to develop and finance the important south project," Luaibi told reporters after a meeting an Exxon delegation in Baghdad.
The enhanced recovery project targets the Luhais, Nassiriya, Tuba, Nahr Bin Umar and Artawi oilfields.
Iraq, OPEC's second-largest producer, had approached PetroChina and Exxon Mobil about investing in the project, Iraqi officials have said.
(Reporting by Ahmed Rasheed; Writing by Maher Chmaytelli; Editing by Louise Heavens) ((maher.chmaytelli@thomsonreuters.com; +9647901917030;))
"Talks are in advanced final stages with Exxon to develop and finance the important south project," Luaibi told reporters after a meeting an Exxon delegation in Baghdad.
The enhanced recovery project targets the Luhais, Nassiriya, Tuba, Nahr Bin Umar and Artawi oilfields.
Iraq, OPEC's second-largest producer, had approached PetroChina and Exxon Mobil about investing in the project, Iraqi officials have said.
(Reporting by Ahmed Rasheed; Writing by Maher Chmaytelli; Editing by Louise Heavens) ((maher.chmaytelli@thomsonreuters.com; +9647901917030;))
