Exxon to lead water injection project in Iraq

BAGHDAD, April 19 (BestGrowthStock) – Exxon Mobil (XOM.N: ) has been
picked to lead a “multibillion-dollar” water-injection project
on behalf of international oil companies that won contracts in
southern Iraqi oilfields, an official said on Monday.

The cost of the project would be distributed among those
majors that won development contracts for southern oilfields in
the two auctions Iraq held last year, said Abdul-Mahdy
al-Ameedi, director of the Oil Ministry’s licensing office.

Water-injection projects maximise oilfield production.

Investing Research
(Reporting by Ahmed Rasheed; Editing by Keiron Henderson)

Exxon to lead water injection project in Iraq