Middle East Economic Survey


No 47


ExxonMobil-KRG Oil Deals Send Seismic Shock Through KRG-Baghdad Relations

ExxonMobil’s recently signed production sharing agreements (PSAs) for six blocks in the Kurdistan Regional Government (KRG) area of northern Iraq look set to profoundly alter Iraqi oil power dynamics. Coincidence it might be, but the ExxonMobil deals appear already to have galvanized Baghdad into giving final cabinet approval on 15 November to the...