ExxonMobil Corporation (NYSE:XOM) will be banned from participating in Iraq’s fourth oil and gas licensing auction scheduled to take place in May. ExxonMobil’s exclusion from the auction is mainly due to the contracts that it signed with the country’s semi-autonomous region of Kurdistan.
ExxonMobil turned out to be the first among the oil giants to gain entry into Kurdistan, after it signed a deal in mid October 2011 to explore six areas. But the signing of this contract has angered the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards