Iraqi officials are in talks with IOCs on major projects from Nasiriya to the Common Seawater Supply Project (CSSP). The outcomes could be immense, but with ongoing concerns over Iraq’s business climate, results have not been forthcoming.

Instability and undesirable technical service contracts (Tscs) have stunted IOC investment in Iraq in recent years, but the country’s oil ministry appears optimistic that talks with majors including Total and Exxon will start producing results...