SeekingAlpha Has A Piece on XOM and Kurdistan

Updates

November 28, 2013: Exxon sells crude oil stake in Iraq to PetroChina. 
 

Original Post

I wouldn't have posted this link except for the fact I was in Kurdistan in another life, long ago, and (literally) far away. So it caught my interest.

Also, with "Bidentalk" of the vice-president being intoxicated with the idea of running for president of 2016, we need to start connecting dots and opportunities.

From SeekingAlpha.com:

The Kurdish Regional Government ("KRG") has their own armed forces and has run its own regional administration in northern Iraq since 1991. The KRG has signed dozens of deals with other large foreign oil companies. Along with XOM, U.S. oil giant Chevron is also poised to start drilling in Iraqi Kurdistan during 2013.

So Exxon, and to a lessor extent Chevron, is now at the heart of a long-running dispute over oil reserves and territory between the Arab-led central Iraq government and Kurdish Regional Government . This will be a fascinating storyline to watch in 2013. Indeed, recently more trouble is brewing as the Kurds have rejected Baghdad's recent Kirkuk deal with BP as "illegal and unconstitutional."

Mr Biden has made his position known how he would advise Baghdad. And that's important. Not intuitive, but important. On this one, Mr Biden is correct.