Iraq gets better terms on two major deals
Oil Ministry converts larger loan from Exxon and Eni to smaller non-refundable signing bonus. It also received funding from the government to start a fourth state oil company.
Exxon Mobil executives and then-Iraqi Oil Minister Hussain al-Shahristani (right) at the Jan. 25, 2010, signing ceremony for the West Qurna 1 field. (BEN LANDO/Iraq Oil Report)
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