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Iraq: Exxon Mobil Talks On Water Treatment Facility Break Down

Baghdad, Iraq

Talks between Exxon Mobil and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to the oil major's ambitions to expand in the country. More than two years of negotiations on awarding the US firm a project to build a water treatment facility and related pipelines needed to boost Iraq's oil production capacity have hit difficulties because the two sides differ on contract terms and costs.

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