Bloomberg News

Iraq to Uphold Accord With Exxon Mobil ‘For Now,’ Al-Ameedi Says

December 14, 2011

Dec. 14 (Bloomberg) -- Iraq will uphold agreements with Exxon Mobil Corp. “for now” after the company signed energy contracts the government considers illegal with the country’s semi-autonomous Kurdish region, an Oil Ministry official said.

The central government in Baghdad “is considering measures” in response to Exxon’s contracts with the Kurdistan Regional Government, Abdul Mahdy al-Ameedi, director general of the ministry’s licensing department, said in an interview today in Amman, Jordan. He declined to specify the measures or to rule out punitive steps at a later date.

Exxon, which has not commented publicly on the matter, is producing crude with Royal Dutch Shell Plc at the West Qurna field in southern Iraq.

To contact the reporter on this story: Nayla Razzouk in Dubai at nrazzouk2@bloomberg.net

To contact the editor responsible for this story: Bruce Stanley at bstanley5@bloomberg.net


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