Iraq, Exxon to sign Majnoon oil field agreement Wednesday

The agreement will include managing, developing, and operating Majnoon oil field in southern Iraq as well as upgrading Iraqi oil export infrastructure in the south.

Wednesday 08/10/2025

Majnoon oil field in southern Iraq

BAGHDAD - Iraq and Exxon Mobil will sign an agreement on Wednesday to manage, develop, and operate Majnoon oil field in southern Iraq, three Iraqi official sources with knowledge of the matter told Reuters.

The agreement will also include upgrading Iraqi oil export infrastructure in the south, and a profit sharing crude oil and refined products trading agreement, the three sources added.