15bbbd6e487763085c971537fa11ca67 his is a further step for the Kurds' autonomy in the federated Iraq," Theodore Karasik, an analyst at the Dubai-based Institute for Near East and Gulf Military Analysis said.For the company, the deal's benefits are obvious. It allows Exxon Mobil to retain a share of the profits from the oil produced while the service contracts offered by Baghdad provide the firms with a flat fee per barrel of oil produced for their services.The Kurds win the coup of netting a major company. They have unilaterally signed scores of oil deals, mostly with mid-sized companies. Baghdad considers all of these deals illegal and has blacklisted the companies involved.The Kurds and Exxon Mobil appear to be betting the Baghdad government will be forced to acquiesce.They "are now in a position where they could essentially force Baghdad to accept the status quo and the two separate regulatory systems that exist in the country," said Riani.
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