Exxon blocked from bidding for Iraqi oil

Iraq is banning ExxonMobil from its latest round of bidding for rights to explore for oil and gas, according to reports. A spokesman for the Iraqi Government, Faisal Abdullah told […]

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By Vicky Ellis

Iraq is banning ExxonMobil from its latest round of bidding for rights to explore for oil and gas, according to reports.

A spokesman for the Iraqi Government, Faisal Abdullah told the Wall Street Journal: “The Iraqi government has decided that Exxon won’t be allowed to participate in the next oil- and gas-bidding round.”

The Middle Eastern state is apparently unhappy with the US oil giant for allegedly signing to explore oil in Kurdistan with the Kurdish Regional Government (KRG) last November. The Iraqi government disputes the breakaway KRG’s right to deal with its assets.

ExxonMobil would not comment on the reports.