Five years and $1.1 billion after making a politically tumultuous decision to invest in the Kurdistan region of Iraq, ExxonMobil's oil exploration has yielded only modest results.
Internal memos and correspondence from both Exxon and its joint-venture partner, the state-run Turkish Energy Company (TEC), provide new insight into the American super-major's operations in Kurdistan and its recent decision to exit three of its six contracts with the Kurdistan Regional Government (KRG).
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