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Iraq planning $53B megaproject with ExxonMobil, PetroChina

Iraq planning $53B megaproject with ExxonMobil, PetroChina

BAGHDAD (AP) — Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Prime Minister Adel Abdul-Mahdi announced Tuesday.