US-based oil and gas company ExxonMobil is reportedly looking to re-enter Iraq after an absence of almost two years. The company is moving towards agreements that could open the way to operations in the Majnoon oilfield, reported Bloomberg, citing sources. A source with knowledge of the discussions said the oil giant intends to enter into heads of agreement (HoA) with Basra Oil and the Iraq-based State Organization for Marketing of Oil (SOMO) in the upcoming days. The proposed HoA is said to cover discu ...