02-02-2012, 09:41 AM
On October 18, 2011, Exxon Mobile and the Kurdistan Regional Government (KRG) signed a deal to work on six oil and gas tracts in northern Iraq (http://www.investorsiraq.com/showthread.php?167543-Exxon-to-reconsider-Kurdistan-deal-Iraqi-PM). When it was made public the following month, it led to an outcry by the central government. At first, it seemed like Baghdad held the upper hand, and it might be able to get the oil major to back off. The latest news however, seems to point to Exxon moving ahead with the contract, despite the protestations of the Iraqi government.