The oil minister: near the signing of an agreement with Exxon and PetroChina

Economy | 01:14 – 08/05/2019

BAGHDAD (Reuters) –

Oil Minister Thamer al-Ghadhban announced Wednesday that he was close to signing an agreement with Exxon Mobil and PetroChina.

Ghadban said he expected his ministry to sign a “preliminary agreement with ExxonMobil and PetroChina” very soon, “but did not give a specific date.”

“We were able to take a step towards resolving some outstanding issues in the deal.”

Once the talks are concluded, the preliminary agreement will be examined by a ministerial energy committee before being submitted to the Council of Ministers for approval.

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