Exxon to Lead Water Injection Project in Iraq

Baghdad, 20 April 2010 ( Reuters )

Exxon Mobil 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.