Friday, August 8, 2014

Oryx Suspends Drilling, Evacuates Staff From Iraqi Oilfields

Oryx Petroleum has suspended drilling operations and evacuated staff from oilfields in Iraq's Kurdish region , as the US launched air strikes against Islamic State militants attacking the region.

The oil firm's move followed similar evacuations on Thursday by Chevron Corp and Exxon Mobil in response to the militants' advance on Arbil, the capital of Iraq's Kurdish region and a key hub for oil producers.

Oryx's oil block in Iraq's Kurdish region, including four small fields, lies between Arbil and Mosul. Production at the Demir Dagh oilfield started in late June.

It is noteworthy that the US started bombing operations as the militants were in striking distance of oil operations run by Western oil producers.

No one is going to mess with Exxon Mobil oi production, if the U.S. has anything to say about it.

Militant blood to protect Exxon Mobil oil?


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