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Exxon (XOM) becomes the first "supermajor" oil company to enter Kurdistan, signing contracts to...

Exxon (XOM) becomes the first "supermajor" oil company to enter Kurdistan, signing contracts to explore for oil and gas in six blocks. The deal risks the wrath of the Iraqi government, but the lure of 45B barrels of oil and 100,000B-200,000B cubic feet of gas in Kurdistan could be too good to leave to the independents.
Comments (3)
  • Global oil exploration and production , especially in formerly hostile areas and in shale oils( from the US to Argentina) is now on a manifestly ascending trajectory of reserve additions and increases to production capacity. Far from "peaking" global oil is once again expanding.
    11 Nov 2011, 06:50 AM Reply Like
  • Within a year of our military withdrawal Iraq will be back in the hands of religeous zealots and we will be persona non grata. Why not go for Kurdistan. Probably more stable in the long run and has thus far been successful at risisting demands from Iraq..
    11 Nov 2011, 08:36 AM Reply Like
  • Exxon is my best bet for the long term. Still, I want to wait for Europe to show more financial stability. A collapse could pull the rug out from ALL stocks.
    15 Nov 2011, 02:47 PM Reply Like
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