Showing posts with label ExxonMobil. Show all posts
Showing posts with label ExxonMobil. Show all posts

Monday, November 14, 2011

Kurdish government, ExxonMobil ink oil search deal


SULAIMANIYAH, Iraq (AP) — The Kurdish regional government has signed a deal with ExxonMobil to explore oil fields in northern Iraq, Kurdish officials said Sunday, putting them in sharp conflict with Iraq's national government.
The government in Baghdad wants to control all energy contracts signed in Iraq. With the deal, ExxonMobil becomes the first oil major to do business in the Kurdish region in defiance of the central government's wishes.
The deal was announced Sunday by Kurdish officials at an oil and gas conference in Irbil in comments carried on Kurdish television. Details of the deal were published on Friday by the Financial Times newspaper.
The Kurdistan Regional Government has clashed with Baghdad over who has the right to sign deals with international oil companies to develop Iraq's vast energy resources.