November 22, 2011U.S. warns Exxon over Iraq oil deals
The U.S. State Department said Tuesday it has warned Exxon Mobil and other U.S. firms of the risks of signing contracts in Iraq without nationwide approval, but would not say whether it talked with Exxon before it struck a controversial oil deal in Iraq's Kurdistan region.
Earlier, a top Iraqi official said Baghdad would slap sanctions on Exxon by the end of the year over the deal.
State Department spokeswoman Victoria Nuland said the U.S. government had warned Exxon and other firms of "significant political and legal risks" from signing contracts "before there's national-level agreement."
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