• 4 minutes End of Sanction Waivers
  • 8 minutes Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 14 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 5 hours US Military Spends at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 46 mins New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 6 hours Saudi Arabia Says To Coordinate With Other Producers To Ensure Adequate Oil Supply
  • 1 hour Populist Surge Coming in Europe's May Election
  • 9 hours "Undeniable" Shale Slowdown?
  • 12 hours China To Promote Using Wind Energy To Power Heating
  • 12 hours Climate Change Protests
  • 12 hours Overheating the Earth: High Temperatures Shortened Alaska’s Winter Weather
  • 5 hours Don't Climb Onto the $80+ Oil Price Greed Roller Coaster, Please.
  • 9 hours How many drilling sites are left in the Permian?
  • 10 hours Gas Flaring
  • 4 hours Liberal Heads Explode as U.S. Senate Confirms Oil Lobbyist David Bernhardt as Interior Secretary
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Punishment for Dealing with Kurds: Baghdad to Replace Exxon with Russians

Baghdad has been angry with certain international oil companies, namely ExxonMobil, Total, and Chevron, for their dealings with Kurdistan. The oil companies have signed oil deals in the northern region which the main Iraqi government states are illegal.

Exxon are already working in Iraq where they are developing the huge West Qurna-1 oil field, but now, as punishment for their ventures in the north it is rumoured that Baghdad is looking to replace them with Russian companies.

The weekly energy newsletter, Nefte Compass, has reported that plans are in motion to replace Exxon with LUKOIL and Gazprom Neft, both of whom are already working in Iraq on the West Querna-2 site.

Related Article: Iraq's Oil Exports Hide Broader Problems

Iraqi Prime Minister Nouri al-Maliki was due to raise the issue with President Vladimir Putin in their official meeting on Wednesday, however no public statements along such lines were made after.

President Putin did call for more Russian companies to strengthen their position in Iraq, although a spokesman for LUKOIL stated that the company is happy with its current portfolio in Iraq and has no intentions of making any new acquisitions.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Hans Nieder on October 12 2012 said:
    Ingrates...They will pay dearly, losing their liberties and replacing it with great civil strive...

    Sad so many American and others gave their lives for this sh*t hole..

    Another Arab wasteland...

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News