🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Iraq, Exxon talks on water treatment project end-BOC director general

Published 20/06/2018, 16:19
© Reuters. FILE PHOTO:  A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York
XOM
-

VIENNA (Reuters) - Iraq is no longer in talks with Exxon Mobil Corp (N:XOM) for the oil major to build a giant water treatment facility vital for the OPEC member to grow its oil production capacity, the director general of the Basrah Oil Co (BOC) told reporters on Wednesday.

Instead, the BOC will award the contract to build the Common Seawater Supply Project (CSSP) through a tender process, which it expects to award at the end of July, Ihsan Ismaael said on the sidelines of the OPEC seminar in Vienna.

© Reuters. FILE PHOTO:  A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

BOC has already shortlisted three companies for the contract, which will be awarded on an Engineering Procurement Construction basis, from an initial list of seven applicants, he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.