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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    ExxonMobil in Iraq .. how to behave Foreign Minister of America Inc. after theban Trump?

    Rocky
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    ExxonMobil in Iraq .. how to behave Foreign Minister of America Inc. after theban Trump? Empty ExxonMobil in Iraq .. how to behave Foreign Minister of America Inc. after theban Trump?

    Post by Rocky Thu 02 Feb 2017, 4:22 am

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    ExxonMobil in Iraq .. how to behave Foreign Minister of America Inc. after theban Trump?[/size]
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     14 minutes ago



    Twilight News / Iraq is one of the seven countries covered by the ban issued by the US president, Donald Trump, but featured in that country that his government contract with a single American company is Exxon Mobil specialized extraction of oil and gas. The company's presence in Iraq is the result of the efforts of its former chief executive, Rex Tillerson, which has become today's new foreign minister to America.
    In 2009, Iraq reopened its oil sector to foreign investment after decades of violence. At the time, the government was eager to increase the country's oil production in order to revive the country's shattered economy. 
    Iraq has estimated at more than 143 billion barrels of oil reserves, making it fifth in the world in terms of the amount of inventory, prompting Tillerson to rush to seize the opportunity.
    And linked to Exxon Mobil at the time a contract worth up to $ 50 billion to establish a joint venture for the development of "West Qurna" field and is located south of the country, and has made the project a great success as the field produced 377 thousand barrels per day in 2015 after production was no more than 150 thousand barrels per year 2010, according to figures from ExxonMobil.
    But things were not all bright for the American company, two years after the signing of the "West Qurna deal," the company found itself facing new problems. Tillerson has signed a controversial order to explore oil with the Kurdistan Regional Government. Contract raised the ire of the central government in Baghdad, which has a long differences with the province about the rights associated with oil fields in the region.
    Then Tillerson decision to form a challenge to the policies of the White House as well, as the newspaper "The New Yorker" reported in December / last December that the US company did not ask for permission from the Foreign Ministry, but contact Tillerson officials after signing the contract to tell them that "it was the best act in the interests of shareholders. "
    Tillerson tried after the problems faced by the reconciliation with the Iraqi government, he agreed to reduce his stake in the "West Qurna" field from 60% to 25%. But now back to the controversy mounts again after the imposition of a travel ban on Iraqi citizens to America for a period of 90 days.
    The positions of the US president, Donald Trump has increased it worse, as it has previously said that America had to keep Iraq's oil after the invasion in 2003, which require a response from the Iraqi Prime Minister Haider al-Abadi, who confirmed his rejection of those remarks, stressing that Iraqi oil is the Iraqi people.



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