Iraq: Exxon's $53 Billion Iraq Deal Hit by Contract Snags, Iran Tensions - Sources

Jun 20, 2019 | Aref Mohammed and Ahmed Rasheed, Reuters
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Just weeks ago, US energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern fields, a milestone in the company’s ambitions to expand in the country. But now a combination of contractual wrangling and security concerns, heightened by escalating tensions between Iraq’s bigger neighbor Iran and the United States, has conspired to hold back a deal, according to Iraqi government officials.