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.
Exxon out of 4th bid round
ExxonMobil CEO and Chairman Rex Tillerson speaks in Washington, DC on May 12, 2011. Tillerson has said that his company intends to move forward with deals in both Basra and Kurdistan. (KEVIN LAMARQUE/Reuters)

Iraq has disqualified ExxonMobil from its upcoming bidding round for exploration contracts, in apparent retribution for the company's controversial deals with the semi-autonomous Kurdistan region.The Oil Ministry announced the "final list of prequalified companies" in a statement Friday, which named 47 companies. Exxon was not on the list.Baghdad oil officials had seemed satisfied that Exxon was committed to delaying work in Kurdistan and indicated on April 2 they might allow it into th...

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