Exxon consortium wins West Qurna initial rights
Asim Jihad, Iraq’s oil ministry spokesman has announced that a consortium led by US-based Exxon Mobil has won initial rights to develop Iraq’s West Qurna field, Reuters has reported. Under the 20-year contract, the group plans to raise the field’s output nearly five-fold to 2.325 million barrels per day (bpd) from less than 500,000 bpd […]