Exxon Expresses Interest in Iraq’s Oil

No surprises here either. Exxon Mobil said yesterday that it is interested in helping to develop Iraq’s huge oil reserves.

“If the Iraqi government decides it wants international oil companies to partner with them in developing their resources, Exxon Mobil would be interested in participating,” spokesman Len D’Eramo said.

Iraq has given international oil companies until February 18 to submit documents that will qualify them to compete in tenders for service contracts to help develop its oil infrastructure.

D’Eramo said Exxon would pursue profitable business opportunities as they arise in Iraq.

Profitable for who though Len, the people of Iraq or the international oil companies??