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Exxon Mobil (XOM) calls the bluff of the Iraqi government, informing Baghdad that it plans to...

Exxon Mobil (XOM) calls the bluff of the Iraqi government, informing Baghdad that it plans to sell its share in West Qurna-1 oilfield in the southern part of the country. It's the first time Exxon has confirmed speculation of its intention to pull out of the $50B project after it signed exploration contracts with Kurdistan, which upset Baghdad because it lays claim to the autonomous region's oil reserves.
Comments (1)
  • Give 'em hell, EXXON! We should have partitioned Iraq into 3 parts after we popped Saddam in GWII, and then divided and conquered them all into offering lowering oil prices.
    7 Nov 2012, 02:39 PM Reply Like
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