Does Exxon operate in Iraq?
Does Exxon operate in Iraq?
ExxonMobil’s attempt to wind down its stake in West Qurna 1 would follow its divestment in 2021 of its 32% interest in the Baeshiqa license in Iraq’s semi-autonomous Kurdistan region. Iraq said in June it plans to boost the production capacity of West Qurna 1 by 40% to more than 700,000 b/d over the next five years.
Is Exxon Mobil losing money?
The company had earned $6.8 billion in the third quarter. For the year, Exxon earned $23 billion, compared with a loss of $22.4 billion in 2020, when oil and gas prices plummeted because of the economic slowdown caused by the pandemic. The annual profit was the highest since 2014.
Which oil companies are operating in Iraq?
The following is a list of International Oil Companies (IOCs) operating in Iraq under licences granted by the Ministry of Oil in Baghdad:
- Bashneft.
- BP.
- China National Offshore Oil Corporation (CNOOC)
- China National Petroleum Corporation (CNPC)
- Dragon Oil.
- Egyptian General Petroleum Corporation (EGPC)
- Eni.
- ExxonMobil.
Are there US oil companies in Iraq?
Exxon Mobil, a major US oil company, has operations in southern Iraq. Britain’s BP and Anglo-Dutch company Royal Dutch Shell (RDSA) also work in the region.
Who owns the oil fields in Iraq?
Iraq Petroleum Company
| Native name | شركة نفط العراق Türkiye Petrol Şirketi |
|---|---|
| Successor | Iraq National Oil Company |
| Headquarters | London , United Kingdom |
| Areas served | Iraq Middle Eastb |
| Owners | BP Royal Dutch Shell ExxonMobil Total S.A. Partex |
Is Exxon Mobil in trouble?
Exxon Mobil reported its fourth consecutive quarterly loss on Tuesday as the pandemic continued to weigh on energy demand and oil and natural gas prices. In the worst year for the company in four decades, Exxon said it lost $22.4 billion in 2020, compared with a profit of $14.3 billion in 2019.
Whats happening with Exxon?
Exxon was replaced by Salesforce (CRM) in August 2021.
