Kurdistan & Iraq Oil Agreement with US pressure
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On Jan. 31, Baghdad withdrew its opposition to a deal between ExxonMobil and the Kurdistan Regional Government, a move that reflects the conflicts between and among Iraq's various political actors. Energy negotiations with the United States are one arena where the al-Maliki government has been forced to make significant concessions recently. Iran typically holds the upper hand when it comes to influencing Baghdad and controlling Iraq's sectarian conflicts, but it cannot compete with the investment capital and technologies that U.S. firms can bring to bear.
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U.S. Energy Influence in Iraq
February 9, 2012 | 1254 GMT
Summary
SAFIN HAMED/AFP/Getty Images
Engineers at the Khurmala oil field south of Arbil, Iraq
rest of article here: http://www.stratfor.com/analysis/us-energy-influence-iraq
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If this analysis is true, then the fortunes of the oil explorers in Kurdistan has just taken a turn for the better.
Marco G.
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