Politics

Iraqi Oil Minister Abdul Karim Luaibi (r) talks to reporters at the 159th meeting of the OPEC Conference in Vienna on June 8, 2011. Iraq's planned production increase and upcoming exploration blocks bidding round will challenge Saudi Arabia for primacy of the cartel. (JOE KLAMAR/AFP/Getty Images)

4th bid round delayed, Exxon still qualified

The fourth bidding round is now scheduled for May 30-31, as the model contract evolves and IOCs get time to respond.

Oil Policy

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Exxon deal stokes territorial disputes

An Iraqi soldier (R) and a Kurdish peshm

ExxonMobil risks violent reprisals because its controversial deals with the Kurdistan region are inflaming Iraq's internal territorial disputes, according to Iraqi leaders.