Iraq is mulling sanctions against Exxon Mobil Corp. because of deals the company signed with the semi-autonomous Kurdish region, Bloomberg reported Wednesday.
Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said “Exxon violated Iraqi law, they were informed about that, and Iraq started to take measures regarding it.”
He said the Oil Ministry is “studying other measures” against Exxon after requiring the company to reduce its involvement in the West Qurna-1 field last year.
Iraq pumped 3.524 million barrels on one day in January, al-Shahristani said.
Monthly production in all of January was 3.05 million barrels a day, according to Bloomberg.