Wall St Journal-Iraq Blocks Exxon License...

Wall St Journal-Iraq Blocks Exxon License...

FEBRUARY 13, 2012, 5:34 A.M. ET
Iraq Blocks Exxon License Bid
[You must be registered and logged in to see this link.]

U.S. energy giant Exxon Mobil Corp. will be barred from Iraq's fourth oil- and gas-licensing auction because of the deals it struck with the country's semi-autonomous Kurdistan region, a spokesman for Iraqi Deputy Prime Minister for Energy Hussein al-Shahristani said Monday.

The move comes as Iraq's central government struggles to assert its authority over energy deals struck within its borders amid a continued lack of legislation for the sector.

The Iraqi government considers as invalid any deals signed with the Kurdistan Regional Government, or KRG, which in turn states that all and any deals it has signed comply with the ...

[You must be registered and logged in to see this link.]