Iraq’s oil minister said Exxon Mobil, the first major oil company to sign an agreement with the KRG, had been given an ultimatum to choose between its oilfields in the south or Kurdish blocks in the north. (Reuters)
Exxon Mobil, BP Face Off In Iraq-Kurd Oil Conflict -- Christian Science Monitor
BP and Exxon Mobil have taken opposite sides in the escalating conflict over oil between the Iraqi central government and the Iraqi Kurds, Alic writes.
BP Plc (NYSE: BP) and Exxon Mobil Corp. (NYSE: XOM) are caught on opposite sides of the front line of the oil war between the Iraqi central government and the Iraqi Kurds, with Baghdad talks with BP over a deal in disputed Kirkuk and warns Exxon about working with the Kurds.
On 28 January, the Iraqi Oil Minister Abdul Kareem al-Luaibi again threatened to cancel Exxon’s contract in the massive West Qurna-1 oil field in southern Iraq if it refuses to stop dealing separately with the Kurds in Northern Iraq.
“We can’t allow Exxon to step over the constitution. It can’t continue to work in both places at the same time; they have to choose to work either in Iraq or in Kurdistan. We are waiting for a final answer in the coming few days,” the minister said in a statement.
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More News On Iraq's Oil Industry
With or without Exxon, Iraq Kurds strive for energy autonomy -- Reuters
Iraqi Kurds woo more oil majors in contest with Baghdad -- Reuters
Kurds to Truck Crude to Turkey Again in a Week, Minister Says -- Bloomberg Businessweek
Iraqi Kurds 'illegally' exporting oil: Shahristani -- AFP
New disagreement flares up between Iraqi government, Kurdistan Region -- Press TV
Baghdad’s threats fail to curb demand for Kurdish oil -- Al Arabiya
Exxon Mobil weighs politically charged decision on Iraq oilfields -- Dallas Business Journal
Exxon's Iraq Strategy: Is a Bird in the Hand Worth More than Two in the Bush? -- Jared Anderson, Aol Energy
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