What ExxonMobil's Comeback in Iraq Really Means

What ExxonMobil's Comeback in Iraq Really Means

The signing of heads of agreement last week between U.S. energy supermajor ExxonMobil and Iraq’s Oil Ministry is perhaps the most significant of the recent deals between firms from the West and Baghdad. It is true that several others have been with similarly-high-powered global energy giants – including Chevron, BP, and TotalEnergies – and have involved multi-billion-dollar deals. But it is also the case that ExxonMobil’s exit from Iraq a few ye…

Iraq races to finalize oil deals ahead of elections

Sudani administration activates a major contract with BP and strikes preliminary agreements with ExxonMobil and Chevron as national elections near and deal-making window starts to shut.