|
Exxon Mobil is looking for a major role in Iraqi oil sector
|
|
Translated by IRAQdirectory.com - [3/10/2009]
|
|
|
The Executive Manager of Exxon Mobil Corp., Rex Tillerson stated on Monday that the company is in continuous dialogue with Baghdad to create an investment climate that allows them to become a major player in Iraq's energy sector.
Exxon is locked in a race to win the biggest contracts in Iraqi oil fields.
Iraq needs - which has the third largest oil reserves in the world - billions of dollars of foreign investment to rehabilitate its oil sector and to promote production after years of sanctions and wars.
Tillerson stated to Reuters before the energy conference in Qatar. "I hope Iraq will create suitable conditions to allow a company like Exxon Mobil to have a significant role in the Iraqi oil industry. "
"This dialogue we are having with them to learn the necessary conditions for us to risk with our money, and there is a chance for success in the long term."
Tillerson pointed to Qatar as an investment ideal to attract international oil companies. And Exxon Mobil, the largest foreign investor in Qatar.
|
|
|
|
|
|
|
|
|
|