Iraq still at odds with Exxon, Petrochina over project: minister
BASRA, Iraq (Reuters) - 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.
(Reporting by Aref Mohammed; writing by Ahmed Aboulenein; editing by Jason Neely)
© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.