Exxon Mobil Corp. (XOM) last month signed contracts with the Kurdistan Regional Government, or KRG, to explore for oil and gas in six blocks in the region, the Financial Times reported Thursday, citing an adviser to the KRG.
This makes Exxon the first of the "supermajor" oil companies to venture into Kurdistan, the newspaper said.
"The KRG has for the last few months been in discussions with a number of major oil companies. This resulted in the recent signing by Exxon Mobil of contracts to explore in six blocks," Michael Howard, an adviser to the KRG, told the newspaper.
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