Iraq Considers More Actions Against Exxon for Kurd Oil Venture

From Bloomberg

By Khalid Al-Ansary and Kadhim Ajrash

Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said.

The Oil Ministry is “studying other measures” against Exxon after requiring the company to reduce its involvement in the West Qurna-1 field last year. Authorities in Baghdad have received a reply from the Kurdistan Regional Government, or KRG, on proposals for ending an impasse over oil exports from the region, al-Shahristani told reporters today in Baghdad.

“Exxon violated Iraqi law, they were informed about that, and Iraq started to take measures regarding it,” Shahristani said. Now, the “ministry is studying other measures for violating Iraqi laws,” he said.

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