Exxon Must Choose: Southern Iraq or Kurdistan

By John Lee.

Iraq has again told Exxon Mobil that it must choose between working in its southern oilfields or in Kurdistan.

Reuters reports that Oil Minister Abdul Kareem Luaibi [Elaibi] expects the company to make a final decision within a few days, adding:

"We made it clear to Exxon in the last meeting that the answer we expected from them is either to work in the Kurdistan region or to work in southern Iraq ... Exxon Mobil cannot work in both fields at the same time."

"Other oil companies that signed deals in Kurdistan region should face the same scenario", said Luaibi, "and we have informed them".

Exxon's chief executive Rex Tillerson met with Iraqi Prime Minister Nouri al-Maliki and with Kurdistan's President Barzani last week to discuss operations in both areas, while industry sources said the US oil major was considering an offer from Baghdad.

(Source: Reuters)

2 Responses to Exxon Must Choose: Southern Iraq or Kurdistan

  1. Lorenzo 30th January 2013 at 22:46 #

    Threats to IOC's is far better than dealing with the kurds? This scenario when everybody knows that the current PM can not be elected for a third time?
    When Chevron has been awarded with a large oil concesion in Kurdistan? When there is a line of IOC's waiting for more oil concesions in Kurdistan?
    Business common sense is not so common in Baghdad nowadays.. old baathists values still prevail there

  2. Mustafa 31st January 2013 at 10:28 #

    The coe met with the pm and told him that Exxon will not quit from Kurdistan. Why they are not naming this? Because it is just show business and they can not even send Exxon out. Exxon will stay with its 24% over all share in West Qurna 1