The Iraqi government remains upset over ExxonMobil's (XOM) deal to explore for oil in Kurdistan,...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

The Iraqi government remains upset over ExxonMobil's (XOM) deal to explore for oil in Kurdistan, given its potential to exacerbate existing political tensions. However, in spite of threats, no punitive measures have yet been taken - likely due to the government's need for Exxon's money and expertise at a time when many oil majors are reluctant to invest in Iraq.