Iraq Blacklists Chevron After Kurdistan Deals

Law360, New York (July 25, 2012, 7:24 PM EDT) -- Iraq's oil ministry on Tuesday banned Chevron Corp. from contracts in central and southern Iraq after the company bought stakes in two oil exploration blocks in Iraq's Kurdistan last week, making Chevron the second oil company, after Exxon Mobil Corp., to be blacklisted.

In a statement released Tuesday, the Iraqi government called the deal with the Kurdish provincial government illegal and contrary to the Iraqi 2005 constitution. The oil ministry added that by entering the region, Chevron would be aiding the smuggling of oil into neighboring...
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