Iraq in talks with ExxonMobil on Asian refining capacities
1. Iraq's SOMO is negotiating with ExxonMobil for storage in Singapore. 2. The agreement could enhance ExxonMobil's operational capacity in Asia.
FAQ
Why Bullish?
The agreement may improve supply chain efficiency for XOM, similar to past expansion efforts that led to price growth.
How important is it?
The potential agreement signifies strategic growth for XOM in a key market, increasing overall valuation prospects.
Why Long Term?
If secured, this could enhance XOM's competitive position and profitability in the region over time.