ExxonMobil Returns: Major Oil Deal in Iraq
Update: 2025-10-08
Description
Exxon Mobil's comeback: A major oil deal is about to be signed between Iraq and Exxon Mobil for the Majnoon oilfield, signaling renewed trust and a long-term commitment to Iraq’s energy strategy. The agreement includes oilfield management, infrastructure upgrades, profit-sharing, and expanded oil storage in Asia, highlighting Iraq's push to strengthen ties with big oil companies and boost its role in the global oil market. This move could pave the way for future foreign investment and reshape Iraq's energy partnerships.
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