Exxon and Eni agree to Iraqi terms for major oil contracts

World's largest oil companies end seven-month debate on billions-dollar investment and will soon sign contracts for two of Iraq's biggest oil fields.

Exxon Mobil on Monday and Italy's Eni on Sunday agreed to the still undisclosed changes made to the draft contract that Iraq insisted on and will soon finalize deals that would add nearly 3 million barrels per day (bpd) to Iraq's production capacity.[caption id="attachment_3711" align="alignright" width="300" caption="Oil Police guards a section of the Barjisiya oil fileds in Zubair One south west of the city of Basra. (ESSAM -AL-SUDANI/AFP/Getty Images)"][/caption]The changes were reque...

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