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January 25, 2013

There's a Major MidEast Oil Shift Underway

Steve LeVine, Quartz


foreignpolicy.com

A few months ago, ExxonMobil informed Iraq that, whether the government liked it or not, it intended to start drilling for oil in the autonomous region of Kurdistan. If by doing so it lost the right to produce oil in Iraq’s rich south, so be it. Now ExxonMobil may be in the midst of a deal allowing it to drill in both the north and south. If that happens, look for smoother politics in Iraq, and another step forward toward greater autonomy for the region’s Kurds.

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TAGGED: ExxonMobil, oil, Iraq

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