ExxonMobil may have a problem in Iraq.
The country is one of seven covered by President Trump’s travel ban. And the company is the only American firm still operating under an oil license granted by the Iraqi government.
ExxonMobil’s (XOM) presence in Iraq is the work of former CEO Rex Tillerson, now Trump’s pick for U.S. secretary of state.
In 2009, many Iraqi oil fields were opened up for development following years of violence. The government was desperate to increase oil production and revive its war-torn economy.
