An important oil industry contract between Exxon and Iraq could fall through, throwing a wrench in the works of Iraq’s oil industry expansion, Reuters reports , citing sources close to the developments. The contract is for a water treatment facility complete with a pipeline network, which will supply well injection water to six fields in southern Iraq to boost well yields and slow down depletion. Exxon, which operates one of the fields that will benefit from the installation—West Qurna 1—has been negotiating the terms for two years, but the two sides are still unable to reach agreement on the terms and costs associated with it. If the deal falls through, it would be bad news not just for Baghdad, but for Exxon as well as the deal would mean the supermajor would receive the rights to develop two fields in southern Iraq in addition to West Qurna 1: Nahr […]