Iraq Planning $53B Mega Project with ExxonMobil & PetroChina

Source: www.gulfoilandgas.com 5/9/2019, Location: Middle East

Iraq is planning a $53 billion mega project with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production. The 30-year project would boost output from Iraq's southern oil fields, and includes designs to capture natural gas, which is currently lost to flaring, for production.


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