Exxon Mobil has signed six exploration deals with Iraq's semi-autonomous Kurdistan region, testing Baghdad's blacklist rule.

Exxon risks West Qurna on new Kurdistan deals

Exxon Mobil has signed six exploration deals with Iraq's semi-autonomous Kurdistan region, testing Baghdad's blacklist rule.
Exxon risked its stake in a super-giant Iraqi field and cast its lot with Kurdistan. The gamble might not be as risky as it seems.
With a landmark visit to Baghdad, ExxonMobil CEO Rex Tillerson has likely inaugurated a new era of engagement in the turbulent politics of Iraq.
ExxonMobil risks violent reprisals because its controversial deals with the Kurdistan region are inflaming Iraq's internal territorial disputes, according to Iraqi leaders.
The would-be U.S. Secretary of State has a long foreign policy track record in Iraq, where Exxon aggressively pursued its interests, sometimes at the expense of political stability.
The prime minister said he will take "all necessary measures" to prevent Exxon's work in Kurdistan, after the White House affirmed its opposition to the deal.
The West Qurna 1 field now has PetroChina and Pertamina partners, though ExxonMobil retains operator role.
The top Kurdish official in the Iraqi Cabinet speaks out against his fellow ministers' hard-line stance against Exxon.
Genel Energy takeover of Chia Surkh block a bellwether of deal-making and expansion in Kurdistan this year.
A final signing could come as early as next week, after Iraq's Cabinet approved Shell's deal to capture billions of dollars' worth of associated gas that is currently flared in Basra.
The Sudani administration appears to be turning a blind eye to the blacklist policy enacted by the previous government against KRG oil sector companies.
Days before Shell and Iraq are to formalize a new gas company, Basra's local government has voted to file a lawsuit challenging the deal.