Exxon in Talks Govt on Oil Payments

By John Lee.

The Iraqi government has reportedly requested talks with ExxonMobil to restructure oil agreements to help Iraq meet its near-term cash requirements.

CEO Rex Tillerson (pictured) is quoted by Reuters as saying that "by and large we are current in our payments," adding that any change would have to be beneficial to Exxon.

Exxon is the lead contractor on the West Qurna I oilfield development.

(Source: Reuters)