Exxon, PetroChina courted for oil and water deal

Iraq's Oil Ministry is hoping ExxonMobil and CNPC will either fund or takeover a crucial water pipeline project, with an oil deal as payment.

A worker adjusts the valve of an oil pipe at the West Qurna 1 oilfield in Basra on Nov. 28, 2010. (ATEF HASSAN/Reuters)

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