From Reuters
''Exxon Mobil wants
to leave its giant oilfield project in southern Iraq, diplomatic
sources said, in a move likely to aggravate the country's internal
tensions and hamper Baghdad's ambitious energy expansion plans.
The desire of the world's
largest publicly traded oil company to quit was due to prospects of slim
profits from the estimated $50 billion West Qurna-1 project, the
sources said. An exit from the project would contrast with a deal Exxon
signed a year ago to explore in Iraq's autonomous northern Kurdish
region, where incentives are better.''
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