Iraq will not let Exxon Mobil bid on their new oil exploration because they previously signed a deal with Kurdistan that said they will not bid on as many things Iraq now has. Iraq currently produced 3 million barrels a day and by the end of 2017 they want it to be up to 12 million barrels a day. Exxon Mobil is one of the biggest firms in the world and so if Iraq does not allow them to bid on it, it will allow other firms to move in on the deal. Kurdistan as of now has no comments to the Iraq government for blocking them on the bidding. While Iraq plans to open three new drilling areas this year to produce over another million barrels a day.
I agree with Iraq to block off Exxon Mobil for the oil bidding because they basically betrayed Iraq and went and helped Kurdistan first. Kurdistan is like Iraq's rival when it comes to oil so a Exxon Mobil betrayed Iraq for their enemy Kurdistan. It's like a slap to the face. Iraq just needs to move on and let other firms come in and bid. I think it's good for Iraq to really try to improve their oil industry by increasing their oil by about 10 million barrels a day.
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