Iraq in talks with Saudi Arabia and Honeywell over Basra mega-deal
Pivoting away from negotiations with ExxonMobil, Iraq is now putting the Ratawi oil field at the center of a prospective upstream, gas, and power deal with Saudi Arabia.
Iraqi Oil Minister Ihsan Ismaael (lower right), at a Dec. 5, 2017, ceremony as head of the Basra Oil Company signing a number of MOUs with his Saudi Arabian counterparts. (Source: Iraqi Oil Ministry media office)
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