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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.

Exxon pressing forward on KRG, Qurna deals

Exxon pressing forward on KRG, Qurna deals
ExxonMobil Vice President for Upstream Ventures Rick Vierbuchen (center left) and then-Oil Minister Hussain al-Shahristani (center right) sign a contract for the development of the West Qurna 1 field on Jan. 25, 2010. (BEN LANDO/Iraq Oil Report)
By Ben Van Heuvelen and Staff of Iraq Oil Report
Published Friday, March 9th, 2012

Faced with an ultimatum from the Iraqi government - to decide between doing business with Baghdad or the semi-autonomous Kurdistan region - ExxonMobil has made its choice: both.In recent weeks, as the Iraqi government has ratcheted up the pressure, sources say the U.S. government has also made efforts to broker a "freeze" on the Kurdistan deals.But at a Thursday meeting with financial analysts at the New York Stock Exchange, Exxon CEO Rex Tillerson confirmed that his company intended to ...

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