Iraq Hasn’t Agreed to Recognize Kurdish Drilling Contracts
This article is for subscribers only.
Iraq, home to the world’s fourth-largest oil reserves, hasn’t agreed to recognize the validity of drilling contracts in the semi-autonomous Kurdish region after Exxon Mobil Corp. signed exploration contracts in the north.
“The Iraqi government will treat any company breaching its laws in the same way it has treated similar companies in the past,” the media office of Hussain al-Shahristani, the country’s deputy prime minister for energy affairs, said today in an e-mailed statement. “The ministry of oil has informed Exxon Mobil of this position.”