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ExxonMobil's decision to shift from the West Qurna 1 oilfield to energy opportunities in Africa has sparked disappointment from Iraq's Oil Minister. China's PetroChina will be taking over as the principal operator at Qurna 1, making an increase in Chinese investment in Iraq's energy Sector. Chinese businesses now directly control over 24 billion barrels of reserves and contribute to the average extraction of 3 million barrels of oil per day in Iraq.

Iraqi Oil Minister voices disappointment with ExxonMobil’s plans to leave Iraq

ExxonMobil’s decision to shift from the West Qurna 1 oilfield to energy opportunities in Africa has sparked disappointment from Iraq’s Oil Minister. China’s PetroChina will be taking over as the principal operator at Qurna 1, making an increase in Chinese investment in Iraq’s energy Sector. Chinese businesses now directly control over 24 billion barrels of reserves and contribute to the average extraction of 3 million barrels of oil per day in Iraq.

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