Iraq May Stop The Work Of Large Oil Companies
Due to internal contradictions in Iraq, there are serious risks for a partial or complete halt to the activities of the principal foreign oil companies. The recent events have seriously affected the government’s plans for the post-conflict reconstruction of the country and further development of the economy, especially the oil and gas industry.
Today, there are significant risks for the halt of the activities of the foreign economic operators participating in the implementation of the large-scale projects for the exploration, development, and production of hydrocarbons on the major oil and gas fields of Iraq.
In early January, the U.S. company ExxonMobil completely evacuated the personnel hired from the U.S. citizens from the West Qurna-1 field that is strategically important for the country and reduces British BP’s workload in central and southern Iraq.
The safety of employees working at oil and gas facilities in Iraq is a key condition for continued operations for economic operators. The reliable and qualified private security companies with experience in the Middle East region are involved in ensuring the safety of personnel and uninterrupted operations in the fields and other facilities.