OTCPK:WSRLF - Post by User
Post by
jmlguyon Feb 14, 2012 5:56pm
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Post# 19534192
Kurdistan Deals=No Leases
Kurdistan Deals=No Leases Photo Credit:APU.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
Iraq is expected to put around a dozen oil and natural gas blocks up for auction in its fourth licensing round, scheduled for May. Exxon Mobil is prohibited from taking part because it has contracts with the semiautonomous Kurdistan Regional Government.
"The Iraqi government has decided that Exxon won't be allowed to participate in the next oil- and gas-bidding round," Faisal Abdullah, a spokesman for the Iraqi Oil Ministry, told The Wall Street Journal. Read the original article at UPI
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