Exxon Mobil To Get Out Of Iraqi Major Oil Field Development Project

Gati Al-Jebouri Executive Director of LITASCO LUKOIL global trader, signs a contract in Baghdad, Iraq, Wednesday, Nov. 7, 2012. A senior Iraqi oil ministry official says U.S. oil giant Exxon Mobil has expressed an interest in pulling out of a major oil field development project in the country’s south. The comments by the ministry’s licensing and contracts chief, Abdul-Mahdi al-Ameedi, mark the first official confirmation of Exxon’s desire to exit the 8.6 billion barrel West Qurna Phase 1 project. <AP Photo/Hadi Mizban>