Oil companies aren't known for their ethics. Last month an ExxonMobil pipeline spill in Mayflower, Arkansas, wreaked havoc in the small town, destroying people's houses, gardens and local wildlife. It doesn't fill you with confidence that the oil industry's investment in a fragile area of British culture can be trusted.
Political power struggles have set the industry back and there doesn't seem to be any sign that the jostling for position will end soon. The fact that some oil companies are no longer sure if they even want to stay in Iraq can only be a testament to the fact that, after nine years, Iraq's oil policy has failed and that a change of direction is needed.
n a game changing oil deals in Kurdistan region, Exxon Mobil has signed a contract for six blocks with Kurdistan Regional Government, reported the FT. There were rumours about a major US oil company circling in Kurdistan region, but expert dismissed any deals because of the danger of being black listed by Baghdad.