Exxon may pull out of southern Iraq

Posted on October 18, 2012 by Laura Rozen

http://backchannel.al-monitor.com/index.php/2012/10/2717/source-exxon-may-abandon-non-kurdish-iraq-oil-concessions/?utm_source=rss&utm_medium=rss&utm_campaign=source-exxon-may-abandon-non-kurdish-iraq-oil-concessions&utm_source=&utm_medium=email&utm_campaign=4858

ExxonMobil intends to pull out of southern Iraq, in favor of moving forward with its Kurdish oil contracts, an energy expert source told Al-Monitor Wednesday on condition of anonymity. The oil giant’s contracts with Iraq’s Kurdish entity have been a source of ongoing legal dispute with the Iraqi central government in Baghdad.
ExxonMobil informed the State Department this week of its intent to pull out of southern Iraq, Reuters subsequently confirmed Thursday, citing an unnamed American official.