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Iraq Expects Exxon Response Soon on Possible Kurdistan Exit

Iraq expects a response soon from Exxon Mobil Corp. on whether the U.S. oil company will abandon a separate oil exploration agreement it made with the semi-autonomous Kurdistan Regional Government.

The answer may come as soon as today, and based on the response the Baghdad federal government will decide whether Exxon can participate in the next round of exploration licenses scheduled for May, Iraqi Oil Minister Abdul Kareem al-Luaibi said at a press conference in Baghdad today.