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#Post#: 19--------------------------------------------------
AI that represent a before and after in the mining
By: seo chandna Date: September 3, 2023, 5:48 am
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Iraqi problems have proliferated. From the beginning, it was
clear that large companies were skeptical about what could be
achieved in southern Iraq and were frustrated by the conditions
of technical services contracts. In 2011, ExxonMobil signed an
agreement with the Kurdistan Regional Government that led the
Iraqi government to issue an ultimatum so that Standard Oil's
largest direct descendant would have to choose between its
contracts in Kurdistan and the rest of Iraq. The impasseled
ExxonMobil to sell part of its stake in West Qurna to PetroChina
and Indonesia's Pertamina.
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The drop in prices in the second half of 2014 and the rise Phone
Number Listy
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the Islamic State in the same year
compounded the difficulties. With much of its territory absorbed
by the new caliphate and its revenues plummeting, the Iraqi
state found itself under siege. the creation of opec+ raised
prices, but the new cartel also left Iraq with stricter
production quotas for which the Iraqi government had to
compensate the big oil companies without having the budgetary
means.
Although the Iraqi government declared the Islamic State
territorially defeated in 2017, the terrorist organization's
attacks on oil facilities continue, while other acts of violence
against headquarters of Western companies have also increased.
In 2019, most Western oil companies were either looking for an
exit route or showing serious reluctance to stay. Most
significantly, Shell withdrew from the Majnoon oil field in 2018
and handed over its operations to the Iraqi company Basra Oil
Company, The return of big business to Iraq starting in 2009 was
a de facto experiment to test whether Western companies could
still find a place in a post-imperial Middle East.
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