US Cautions Oil Firms On Kurdish Investments

Law360, New York (August 21, 2012, 6:36 PM EDT) -- The U.S. Department of State on Monday reminded U.S. oil companies of the legal risks of bypassing Iraq's central government when planning deals in the northern Kurdish region, a shortcut that has iced Exxon Mobil Corp. and Chevron Corp. out of the Halfaya oil field.

State Department spokeswoman Victoria Nuland said during a press briefing that while U.S. oil companies can decide to make investments in any region, they should be aware of the consequences they may be subject to in Iraq.

The comments come as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.