Exxon Pulls Out Officials From Iraq

By John Heerdink LinkedIn

Reportedly Exxon pulled out 80 officials from Iraq due to the rising tension between the US and Iran. The withdrawal has been termed as “unacceptable and unwarranted” by the Iraqi energy minister and he has demanded clarification and the return of the officials.

Thamir Ghadhban Iraq’s Oil Minister stated “This withdrawal may send the wrong message about the situation in Iraq, and that’s something we reject,” as per reports, “No single personnel from other foreign companies withdrew,” he said. The minister assured that the south of Iraq is safe and secure. Exxon stated in an email “ExxonMobil has programs and measures in place to provide security to protect its people, operations and facilities”.

It is believed that energy facilities in Saudi Arabia are highly vulnerable to attacks and that Saudi Arabian pipeline, tankers, and the U.S. military buildup could be prime targets.

Exxon Mobil Corporation (XOM)  explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Iraq Says Exxon Evacuation of Staff Is `Unacceptable’

“This withdrawal may send the wrong message about the situation in Iraq, and that’s something we reject,” Iraq’s Oil Minister Thamir Ghadhban said in a statement on Saturday. The minister sent a letter to Exxon officials seeking clarification about the decision and asking that the workers return to..

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