TNT

The Minister of Oil reveals the hidden in front of Parliament: Major companies have begun to flee from Iraq.. And the statements of deputies push them to leave

Oil Minister Ihsan Abdul-Jabbar revealed the withdrawal of major companies operating in the oil sector in Iraq, including Shell, BP and ExxonMobil.

Abdul-Jabbar said in front of the House of Representatives during a session hosted by him, that “the investment environment in Iraq is not suitable to preserve large investors, who have started looking for another market or another partner.”

He pointed out that “as the Minister of Oil, he wishes to buy the share of Exxon Mobil and other companies wishing to exit, but fears of attacks and accusations prevent such a step.”

He explained that “ExxonMobil is the largest investor in the world, achieving profits that do not exceed 100 million dollars a year,” noting that this figure is a simple Chinese contractor in drilling that gets more profits than these, noting that “ExxonMobil wants to sell its share for a very small amount.” It does not exceed $400 million, but I cannot buy it for fear of accusations.”

He explained, “Our work environment is very destructive, and any statement issued by a deputy against a company will consider this company and the international media that the environment is destructive and push the company to exit.  link