Iraq’s oil law impasse as ExxonMobil moves into KRG
Shahristani fumes over ExxonMobil’s KRG fait accompli: Iraqi government seems powerless to act over supermajor’s Kurdistan deal
EXXONMOBIL'S move into Kurdistan has upset Iraq’s central government, further complicating tortuous negotiations about a new oil law for the country. Yet for all the disquiet in Iraq, the federal authorities may find there is little they can do to punish the supermajor. For now, the central government is adamant that ExxonMobil has broken the rules. On 22 November, Hussein Al-Shahristani, Iraq’s deputy prime minister for energy, reiterated his position that all upstream contracts – including those signed by the Kurdistan Regional Government (KRG) – must be approved by the central government in Baghdad, "otherwise they have no standing". On the surface, this poses a problem for ExxonMobil, wh
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