Exxon signs deals with Iraqi Kurds: FT
London, November 11, 2011
Exxon Mobil last month signed oil and gas exploration deals with Iraq's Kurdistan, becoming the first oil major to deal with the region which has had strained relations with Baghdad, the Financial Times said on Friday.
It agreed with the Kurdistan Regional Government to explore in six blocks, adviser to the KRD Michael Howard told the newspaper. Iraq's central government had been informed of the deals.
Exxon Mobil declined to comment. Since 2009 it has been part of a consortium developing Iraq's West Qurna oilfield. - Reuters
More Energy, Oil & Gas Stories
- Market fearing oil shortages, says Saudi minister
- Iraq oil export plunges in Dec
- Fuel prices in Bahrain set to double by 2017
- Iraq's oil exports rise to 71.4m barrels in Nov
- MEE launches energy conservation contest
- TSL wins Jordan solar power contract
- SEC signs $366m loan for Jeddah power plant
- Kurdish oil exports 'only with Iraq approval'
- UAE launches energy conservation drive
- Rising Saudi fuel use 'bigger threat than shale'