Exxon told to pick its side in dispute between Erbil and Baghdad

Issue 940 - 07 Feb 2013 | 3 minute read

It may finally be crunch time in Iraq for ExxonMobil, which in late 2011 led the charge north when it became the first major to sign a contract for exploration blocks in Iraqi Kurdistan. After months of back and forth, and meetings between chairman Rex Tillerson and (separately) Iraqi Prime Minister Nouri Al-Maliki and Kurdish Prime Minister Massoud Barzani on 21 and 22 January, Exxon has apparently been told to decide once and for all between its 60% stake in the $50bn West Qurna 1 project in the south and its production-sharing agreements in blocks still being explored in Iraqi Kurdistan (Al Qush, Arbat East, Baeshiqa, Betwata, Pirmam and Qara Hanjeer).

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