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Exxon barred from Iraqi oil, gas auction
upi.com ^ | 2/14/12 | upi

Posted on 02/14/2012 4:34:26 PM PST by ColdOne

BAGHDAD, Feb. 14 (UPI) -- U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.

Iraq is expected to put around a dozen oil and natural gas blocks up for auction in its fourth licensing round, scheduled for May. Exxon Mobil is prohibited from taking part because it has contracts with the semiautonomous Kurdistan Regional Government.

"The Iraqi government has decided that Exxon won't be allowed to participate in the next oil- and gas-bidding round," Faisal Abdullah, a spokesman for the Iraqi Oil Ministry, told The Wall Street Journal.

(Excerpt) Read more at upi.com ...


TOPICS: Foreign Affairs
KEYWORDS: energy; exxon; exxoniraqauction; iraq; iraqauction; oil; oilandgas

1 posted on 02/14/2012 4:34:28 PM PST by ColdOne
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To: ColdOne

...and Odumbo is MIA as usual.


2 posted on 02/14/2012 4:37:07 PM PST by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: ColdOne

I’m glad Iraq appreciates all we did for them. /ssssssssssss


3 posted on 02/14/2012 4:37:16 PM PST by shelterguy
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To: ColdOne

They’re pissed at Exxon for making a deal with the Kurd’s provincial government, on fields the Kurd’s believe they can deal on their own.

Exxon should not cry, anyway.

The deals that the Iraqi national government has approved so far have been on really lousy terms to the winning bidders. Yes, the winning bidders will get supply, but very small profits.


4 posted on 02/14/2012 4:40:44 PM PST by Wuli (ui)
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To: ColdOne

Popular opinion was that America was in there to take the oil....It was all about the oil. America should already have the oil. What happened there?


5 posted on 02/14/2012 4:40:56 PM PST by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: ColdOne

Popular opinion was that America was in there to take the oil....It was all about the oil. America should already have the oil. What happened there?


6 posted on 02/14/2012 4:41:11 PM PST by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: ColdOne

Iraq will be under the Muslim Brotherhood within three years


7 posted on 02/14/2012 4:42:40 PM PST by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: himno hero

Sorry, this was NOT popular opinion... this was MSM pushed propaganda.


8 posted on 02/14/2012 4:45:16 PM PST by Eagle of Liberty (We the People are coming!!)
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To: shelterguy

“I’m glad Iraq appreciates all we did for them.”

We sunk a fortune into building the infrastructure of that country, not to mention the untold price in blood and treasure we paid to liberate these ingrates from a bloody tyrant. And then they tell one of our companies to take a hike. Screw them.


9 posted on 02/14/2012 4:47:40 PM PST by Starboard
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To: Eagle of Liberty; himno hero

It was rather schizophrenic at that. They were simultaneously accusing us of invading to steal the oil and complaining that we weren’t seizing the oil to pay for the war.


10 posted on 02/14/2012 4:48:10 PM PST by marron
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To: marron

These were the idiot arguments peddled in the Mid East and Africa. Stupid white people, also, bought into the crap.


11 posted on 02/14/2012 4:52:31 PM PST by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: himno hero

We’re still waiting for the welcome wagon roses to be thrown at us that the neocons once guaranteed would occur at invasion +60 days from when they took us into war. Accountability has become a forgotten attribute in the USA. China still has it where those who lead and that wrongly forecast results are sent in front of a firing squad. I favor that here to put some honesty back into the system. Politics is irrelevant.


12 posted on 02/14/2012 5:11:52 PM PST by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
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To: ColdOne

Exxon was not allowed but a South Korean firm, SK Innovation was allowed.


13 posted on 02/14/2012 5:39:06 PM PST by U-238
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To: ColdOne

Sounds like Iraq is being as hard on Exxon as Obozo is.

Pray for America


14 posted on 02/14/2012 6:47:40 PM PST by bray (More Batting Practice for the Bambino)
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15 posted on 02/14/2012 7:17:25 PM PST by RedMDer (Forward With Confidence!)
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To: ColdOne

Sounds like Iraq is being as hard on Exxon as Obozo is.

Pray for America


16 posted on 02/14/2012 7:40:28 PM PST by bray (More Batting Practice for the Bambino)
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To: ColdOne

Look behind the obvious occurrence, maybe at Iraqi meetings with diplomats or executives from Italy, UK, other European nations. Anyway, that will add to the problems behind our oil prices rising on this side of the pond.


17 posted on 02/14/2012 7:54:17 PM PST by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: himno hero

“What happened there?”

Khardashians, American Idol and Whitney Houston! Get with the program!


18 posted on 02/15/2012 7:40:54 AM PST by Yehuda
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