Al-Kazemi: We are looking for an American company instead of ExxonMobil when you leave

Al-Kazemi: We are looking for an American company instead of ExxonMobil when you leave

07-27-2021 09:53 AM

Al-Kazemi - We are looking for an American company instead of ExxonMobil when you leaveIraq’s Prime Minister Mustafa al-Kadhimi said he wants another US company to replace ExxonMobil when it leaves Iraq.

Exxon, which in 2019 appeared to be proceeding with a $53 billion project to increase Iraqi oil production, is seeking to sell its 32.7 percent stake in West Qurna 1, one of Iraq’s largest oil fields.

Al-Kazemi told a small group of journalists in Washington after talks with President Joe Biden on Monday that ExxonMobil is considering exiting Iraq for reasons related to its internal administrative practices and decisions, not because of the situation in Iraq.

Speaking through an interpreter, he added that when ExxonMobil leaves, Iraq will not accept an alternative but another American company.

Al-Kazemi did not specify which US companies might be interested in the stake. Chevron also has operations in Iraq.

Iraqi Oil Minister Ihsan Abdul-Jabbar said in May that Iraq was considering buying ExxonMobil’s stake in the West Qurna 1 field through the state-owned Basra Oil Company.

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