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General Discussion / The revolution that comes with immersive
« Last post by 66chandona 66shaha on September 10, 2023, 03:25:36 am »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 Phone Number List 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 Phone Number List 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.

Although the continued presence of British Petroleum ( bp ) and TotalEnergies, as well as the Italian company eni, showed that European companies still had opportunities, the political context proved much more difficult than expected. The weight of history, but also the internal instability caused by the second Gulf War, made the result of this exercise predictable. Furthermore, the fact that Iraq is one of the countries most exposed to extreme weather conditions due to climate change could only intensify the problems associated with trying to use the country as a solution to global oil supplies.
In 2019, most Western oil companies were Phone Number List 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.

Although the continued presence of British Petroleum ( bp ) and TotalEnergies, as well as the Italian company eni, showed that European companies still had opportunities, the political context proved much more difficult than expected. The weight of history, but also the internal instability caused by the second Gulf War, made the result of this exercise predictable. Furthermore, the fact that Iraq is one of the countries most exposed to extreme weather conditions due to climate change could only intensify the problems associated with trying to use the country as a solution to global oil supplies.
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