Iraq: ExxonMobil gave up on investments?

10 May 2022

IntelligenceNote

Summary

Most of the western international oil companies (IOCs) have entirely given up on the prospect of

Iraqi investments despite the country’s plentiful and cheap production.

The U.S. oil and gas company ExxonMobil left West Qurna 1, one of the world’s largest oil fields located in southern Iraq for some reasons.

What are these reasons?

Which side will benefit the most as a result of the ExxonMobil decision?

Tactical Report has prepared a 330-word report to answer these questions and more.

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