Exxon Eyeing Iraq Return to Explore Majnoon Field

published:08/10/2025 09:19 GMT

Oil major Exxon Mobil is considering re-entering Iraq after a nearly two-year hiatus by signing agreements that would lay the groundwork to explore the country's giant Majnoon Oil Field , a report said, citing people familiar with the matter. Exxon plans to sign a heads of agreement with Basra Oil and Iraq's state oil company SOMO in the coming days, the report said on Tuesday. "Exxon Mobil is in discussions with the Iraqi oil ministry as we routinely look at opportunities to optimize our...More