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Iraq Fails to Sign Contracts With Global Oil Majors BAGHDAD - Iraq said on Monday it has failed to sign technical support agreements with global oil majors which were aimed at helping boost the war-torn country's oil production. Iraq is negotiating with Shell, BP, ExxonMobil, Chevron and Total, and a consortium of other smaller oil companies, Oil Minister Hussein al-Shahristani said at press briefing. "We did not finalise any agreement with them because they refused to offer consultancy based on fees, as they wanted a share of the oil," he said.

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Iraq Fails to Sign Contracts With Global Oil Majors

BAGHDAD - Iraq said on Monday it has failed to sign technical support agreements with global oil majors which were aimed at helping boost the war-torn country's oil production.

Iraq is negotiating with Shell, BP, ExxonMobil, Chevron and Total, and a consortium of other smaller oil companies, Oil Minister Hussein al-Shahristani said at press briefing.

"We did not finalise any agreement with them because they refused to offer consultancy based on fees, as they wanted a share of the oil," he said.