Shell (RDS.A) breaks off talks with Kurdistan about oil development in order not to jeopardize...

|By:, SA News Editor

Shell (RDS.A) breaks off talks with Kurdistan about oil development in order not to jeopardize deals in Southern Iraq, including a prospective $17B natural gas agreement, the FT reports. Baghdad is trying to impose a de facto ban on companies operating in Kurdistan, although it may not have much luck with Exxon (XOM).