Tillerson firm spending billions to drill for oil DUBAI (CNNMoney) - ExxonMobil may have a problem in Iraq. The country is one of seven covered by President Trump's travel ban. And the company is the only American firm still operating under an oil license granted by the Iraqi government. ExxonMobil's presence in Iraq is the work of former CEO Rex Tillerson, now Trump's pic
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WELCOME TO IRAQ ENERGY FORUM 2017 On behalf of the Iraq Energy Institute it is my pleasure to welcome you to the 3rd Iraq Energy Forum (IEF 2017), taking place in Baghdad, overlooking the River Tigris, at the 5-Star Babylon Hotel, on the 2nd and 3rd of April 2017. With the patronage of the Iraqi Government and the support of H.E. Prime Minister Haider al Abadi and H.E. Oil Mi
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When Ashti Hawrami, the oil minister from Iraq’s largely autonomous Kurdistan region, unfurled a map of untapped oil fields for a team of ExxonMobil officials in the spring of 2011, they saw possibility and profit. The minister pointed to the blocks that had already been taken by other foreign firms as Iraqi Kurdistan, long at odds with the country’s central government over
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A trip to Baghdad in 2013 offered the Exxon CEO a taste of the complicated Middle East politics he'll have to navigate if he becomes secretary of state. As CEO of ExxonMobil, Rex Tillerson, President-elect Donald Trump’s pick for secretary of state, had to deal with the antagonism between Iraq's central government and the regional government in the Kurdish north In 2013, Re
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The 2016 OPEC (Organization of the Petroleum Exporting Countries) meeting in Algiers later this month has received undue importance from market analysts hoping that Kingdom of Saudi Arabia and non-OPEC producer Russia are seeking a freeze on production. Both have been fighting for market share in China, with Saudi Arabia unusually offering large volumes on the spot ma
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