Reuters reveals Exxon losing out to BP, Eni in Iraq pipeline project

Reuters exclusively reported that Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a $53 billion mega-deal with ExxonMobil, undermining the U.S. energy giant’s ambitions to expand in the country. Prior, Reuters revealed that the deal was getting bogged down by a combination of contractual wrangling and security concerns.