Battle For Influence by Oil Companies Across Border in Iraq

For more than a year, ExxonMobil has stood as the backbone of Kurdistan politics, validating its independence as a global petro-player. Now, BP has taken up the mantle for the opposing side, shoring up Baghdad in a tense standoff at the city of Kirkuk.

In doing so, it may be the first time in modern oil’s century-and-a-half-long history that oil companies have taken up front-line positions as the allies of opposing armies.

In summer 2011, ExxonMobil decided to flout a Baghdad dictum against signing oil deals in Iraq without its permission, and negotiated a rich drilling contract with the autonomous region of Kurdistan.

Read Here – Quartz

Kurdistan oil

2 thoughts on “Battle For Influence by Oil Companies Across Border in Iraq

Leave a reply to Winslie Gomez Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.