Total Follows Other Oil Giants Into Kurdistan, Spurning Iraq

Law360, New York (July 31, 2012, 6:07 PM EDT) -- France's Total SA became the third big oil company to flout Iraqi oil officials and pursue more lucrative contracts in semiautonomous Kurdistan, announcing Tuesday that it had bought into two Kurdish blocks owned by Marathon Oil Co.

ExxonMobil Corp. and Chevron Corp. have both made similar arrangements in the past six months, and have found themselves excluded from future oil lease sales by the Iraqi oil ministry. The ministry did not immediately react to Total's move, which gives the Paris-based firm a 35 percent stake in...
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