Iraq Won't Cancel ExxonMobil Deal

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Source: WSJ (Google for full article)

raqi Prime Minister Nouri al-Maliki said Friday that Baghdad wouldn't terminate ExxonMobil Corp.'s contract to develop the West Qurna-1 oil field in southern Iraq as punishment for signing a deal with the country's semi-autonomous Kurdistan region, with whom Baghdad has a long-running dispute over land and the sharing of oil resources.

"We have not cancelled its contract in the south," said Mr. Maliki in an interview with The Wall Street Journal ahead of a scheduled state visit to Washington next week.

"We are looking for a way for (Exxon Mobil's) other contracts in any area to be within the legal contexts, but as for cancelling its contract in the south, no."

Read more: http://online.wsj.com/article/SB10001424052970203501304577088362771645908.html

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See also "Exxon's deal with the Kurds inflames Baghdad" by Patrick Cockburn at the Independent (UK).