Mideast Iraq Oil

November 7, 2012 - 9:32 AM
Gati Al-Jebouri, left, Executive Director of LITASCO LUKOIL global trader and Dhiya Jaafar, chief of Iraq's South Oil Company sign a contract in Baghdad, Iraq, Wednesday, Nov. 7, 2012. A senior Iraqi oil ministry official says U.S. oil giant Exxon Mobil has expressed an interest in pulling out of a major oil field development project in the country's south. The comments by the ministry's licensing and contracts chief, Abdul-Mahdi al-Ameedi, mark the first official confirmation of Exxon's desire to exit the 8.6 billion barrel West Qurna Phase 1 project. (AP Photo/Hadi Mizban)