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Al-Kazemi identifies a replacement for "Exxon Mobil" after leaving Iraq
- Time: 07/27/2021 12:06:48
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{Economic: Al-Furat News} Prime Minister Mustafa Al-Kazemi said that he wants another American company to replace the ExxonMobil oil company when it leaves Iraq.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Exxon Mobil Corporation, which appeared in 2019 to proceed with a $53 billion project to increase Iraqi oil production, is seeking to sell its 32.7 percent stake in the "West Qurna-1" field, one of Iraq's largest oil fields.
Al-Kazemi told a small group of journalists in Washington, after his talks with US President Joe Biden, yesterday, Monday, that "ExxonMobil" is considering exiting Iraq for reasons related to its internal administrative practices and decisions, and not because of the situation in Iraq.
He added that when ExxonMobil leaves, Iraq will not accept an alternative to it, except for another American company. Al-Kazemi did not specify which US companies might be interested in acquiring ExxonMobil's stake.
And the Iraqi Oil Minister, Ihsan Abdul-Jabbar, had said in May 2021 that Iraq was considering buying ExxonMobil's stake in "West Qurna-1" through the state-owned Basra Oil Company.
Arranging foreign investments is necessary for Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), as oil revenues contribute at least 95 percent to the country's income.
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{Economic: Al-Furat News} Prime Minister Mustafa Al-Kazemi said that he wants another American company to replace the ExxonMobil oil company when it leaves Iraq.
The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
Exxon Mobil Corporation, which appeared in 2019 to proceed with a $53 billion project to increase Iraqi oil production, is seeking to sell its 32.7 percent stake in the "West Qurna-1" field, one of Iraq's largest oil fields.
Al-Kazemi told a small group of journalists in Washington, after his talks with US President Joe Biden, yesterday, Monday, that "ExxonMobil" is considering exiting Iraq for reasons related to its internal administrative practices and decisions, and not because of the situation in Iraq.
He added that when ExxonMobil leaves, Iraq will not accept an alternative to it, except for another American company. Al-Kazemi did not specify which US companies might be interested in acquiring ExxonMobil's stake.
And the Iraqi Oil Minister, Ihsan Abdul-Jabbar, had said in May 2021 that Iraq was considering buying ExxonMobil's stake in "West Qurna-1" through the state-owned Basra Oil Company.
Arranging foreign investments is necessary for Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), as oil revenues contribute at least 95 percent to the country's income.
Forgiveness of Lights
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