FILE PHOTO: Iraqi Oil Minister Thamer al-Ghadhban speaks to the media on the ministry’s headquarters in Baghdad, Iraq October 31, 2018. REUTERS/Khalid Al-Mousily/File Photograph
February 11, 2019
BASRA, Iraq (Reuters) – Iraqi Oil Minister Thamer Ghadhban stated on Monday that disagreements remained over profit-sharing between the federal government and Exxon Mobil and Petrochina over its South Built-in Mission.
Talking at a information convention in Basra throughout his first go to to the oil-rich province since taking workplace, Ghadhban stated he believed income exceeding the agreed upon value ought to go to Iraq, to not overseas corporations.
The South Built-in Mission entails improvement of the Nahr Bin Umar and Ratawi oilfields and associated infrastructure.
(Reporting by Aref Mohammed; writing by Ahmed Aboulenein; enhancing by Jason Neely)