Oil Minister says Exxon Freezes Kurdish Oil Deals

Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] said on Monday that Exxon Mobil had sent a second letter to Iraq’s oil ministry confirming its decision to freeze its oil deals with the Kurdistan Regional Governmment (KRG), according to a report from Reuters.

The decision may lead the Iraqi government to allow Exxon Mobil to re-enter the bidding for exploration contracts, having previously been excluded in retaliation for its agreement with the Kurdish authorities.

(Sources: Reuters, NASDAQ)

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