Exxon’s Banning From Iraq’s Fourth Energy Auction Will Not Stop Its Work In The Country
In April 2012, Iraq’s Oil Ministry banned Exxon Mobil from its fourth auction for oil and gas fields in the country. At the same time, the Iraqi government has allowed the company to continue working on its existing contract in southern Iraq. The oil giant is also moving ahead with a deal that it signed with the Kurds. All together, that means that the exclusion will not seriously affect Exxon’s business in Iraq.