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.
Analysis: What was Exxon thinking?
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Analysis: Exxon committed to Kurdistan
As the central and Kurdistan regional governments continue to fight over oil rights, ExxonMobil is moving ahead on deals with both.
Exxon pressing forward on KRG, Qurna deals
Despite demands by Baghdad that it forsake the north - and US government pressure to freeze operations - CEO Tillerson says Exxon is moving forward on all its deals.
Analysis: Exxon enters the political fray
With a landmark visit to Baghdad, ExxonMobil CEO Rex Tillerson has likely inaugurated a new era of engagement in the turbulent politics of Iraq.
Hacked emails reveal details of Exxon’s Kurdistan activity
Disappointing exploration results drove Exxon to relinquish half of its Kurdistan portfolio, according to private correspondence with Turkey's energy leaders published by Wikileaks.
Exxon still quiet on Kurdish deals
Exxon declined to report its KRG deals in a quarterly filing, but disclosure rules could require the company to break its silence in February.
Exxon sets deadline to exit West Qurna 1, prompting tough talks with Iraq
The Oil Ministry wants to replace Exxon with another American company, while Exxon has lined up two Chinese firms to buy its stake.
Exxon hires ex-U.S. officials to navigate Iraq
Former American ambassador James Jeffrey is now advising ExxonMobil, which has also retained Condoleezza Rice, Stephen Hadley and other retired American officials to advise on Iraq.
Iraq rejects Exxon’s proposed West Qurna 1 sale
In a recent letter, the Basra Oil Company said it would neither approve a sale to two Chinese companies nor buy out Exxon's stake on the same terms.
Exxon notifies Baghdad of intent to sell West Qurna 1
After receiving an ultimatum from Baghdad, Exxon is heading for the exits – and Iraq's top oil official says more companies may soon be forced to follow.
Analysis: What Iraq reveals about Rex Tillerson
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.
Exxon preparing to drill in Kurdistan
Two years after taking center stage in Iraq's oil disputes with its signing of six KRG production sharing contracts, ExxonMobil is about to start drilling for oil.
Exxon pressing toward West Qurna sale
In the latest sign that Exxon is looking to sell its major interest in southern Iraq, the company has requested permission to share field data with other companies.
Exxon deal stokes territorial disputes
ExxonMobil risks violent reprisals because its controversial deals with the Kurdistan region are inflaming Iraq's internal territorial disputes, according to Iraqi leaders.
Despite nationwide investment, Exxon has Iraq output doubts
ExxonMobil maintains its no comment policy in the post-KRG deal era, though global supply forecast shows caution on Iraq.
Exxon confirms Kurdistan deals
Mindful of Baghdad's anger, the company has publicly acknowledged its controversial Kurdistan play for the first time.
Exxon leads exodus from Basra to Kurdistan
Spooked by Baghdad's red tape and political volatility, international companies - led by Exxon - are leaving Basra to seek greater profits in Kurdistan.
Q&A: Exxon’s Iraq chief James Adams
With the West Qurna 1 oil field ahead of schedule, the head of ExxonMobil’s Iraq operation discusses the status of the project and the challenges ahead.
Exxon out of 4th bid round
Iraq's fourth contract licensing round is on for May 30-31, and the Oil Ministry has confirmed the final list of companies. Exxon is out.
Q&A: Ali Yousif Zaboon, director of field operations at West Qurna 1
Production capacity at the West Qurna 1 oil field is set to increase to 600,000 bpd in 2023 despite operator ExxonMobil’s planned exit.
Exxon deals not frozen, KRG says
There is now a dispute over the intentions of ExxonMobil in Iraq, with the KRG discounting Baghdad's claims that the oil giant will put a hold on its production sharing contracts.
Maliki threatens Exxon, claiming Obama support
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.
Exxon, Chevron push Turkey-Kurdistan ties
Despite the Obama administration's opposition to a bilateral Turkey-KRG energy deal, the largest American oil companies are offering to finance and build pipelines.
New Exxon-Turkey contracts bolster Kurdish export plans
The state-owned Turkish Energy Company now has a 20 percent stake in Exxon's six KRG blocks, giving Turkey a concrete interest in ensuring that oil can be sold by pipeline.