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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.
ExxonMobil CEO and Chairman Rex Tillerson speaks in Washington, DC on May 12, 2011. (KEVIN LAMARQUE/Reuters)

BAGHDAD - 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.

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