Iraq Has Told Exxon It’s in Breach of Laws, Shahristani Says

Iraq has told Exxon Mobil Corp. that the U.S. company’s contracts with the Kurdistan Regional Government to explore in northern Iraq are in violation of the nation’s law, Deputy Prime Minister Hussain al-Shahristani said.

“Exxon Mobil has written to the Iraqi government about this and they have received the response from the ministry of oil and the prime minister’s office that contracts will not be recognized unless they are approved by the Iraqi government,” Shahristani said today in London. “In this particular case, there is a breach of laws and the Iraqi government is considering its actions.”