Exxon exec optimistic in Iraq entry

Rob Franklin, president of Exxon Mobil Upstream Ventures, speaks to Iraq Oil Report about tough negotiations with Iraq to finalize a contract for one of Iraq's biggest fields.

The benchmark for foreign investment in Iraq's oil sector – and, for that matter, any energy sector in the world – is whether it would see the entry of the world's most profitable oil company on record.And Exxon Mobil has. It is the only American company to take an operator's role in one of the 10 deals the Iraqi Oil Ministry signed with foreign firms.Along with junior partner Royal Dutch Shell, Exxon will turn the 8.7 billion barrel West Qurna Phase 1 from a super-giant producing le...

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