The airline also suspended flights to Iran amid reports of an Israeli strike
The desire of the company to quit was due to prospects of slim profits from the estimated $50 billion West Qurna-1 project, the sources said. An exit from the project would contrast with a deal Exxon signed a year ago to explore in Iraq’s autonomous northern Kurdish region, where incentives are better.
Baghdad deemed the Kurdish deal illegal and promised to punish Exxon by ripping up its contract for West Qurna-1, which has reserves of 8.7 billion barrels.
Executives at the company this week told US State Department officials it was looking to sell its 60 per cent stake in the project, diplomats from two Western countries said.
The airline also suspended flights to Iran amid reports of an Israeli strike
Expect fair to partly cloudy conditions today with chances of fog and mist formation in some areas
Iran fired air defense batteries after reports of explosions near a major airbase at the city of Isfahan
Other requests include residents seeking assistance with cleaning mud accumulation, restoring damaged furniture
Many students wade through waist-deep water to head to neighbour's house for online classes
With 30% of their inventory damaged, owners of Preloved Books now face the daunting task of rebuilding from scratch
Some doctors are already seeing more patients coming in with fever, diarrhoea, and dysentery
Five-time champions hold their nerve to claim victory by nine runs in the final over at Chandigarh