🚨Personnel from🇮🇹Italian energy giant ENI is leaving the Zubair #Oil & #Gas field in🇮🇶Iraq. The company says this is a precautionary move after the latest🇺🇸US strikes on🇮🇷Iranian nuclear facilities and risks of a wider War in the Middle East between🇮🇱Israel and its enemies 🧵
Massive Oil & Gas fields are dispersed throughout the region in: 🇮🇶Iraq 🇮🇷Iran 🇴🇲Oman 🇦🇪UAE 🇸🇦Saudi Arabia 🇰🇼Kuwait The 12 largest fields in the region could produce up to 15 million barrels a day of oil, nearly 20% of the global daily total. Other than NOCs,
many IOCs such as 🇺🇸US Chevron 🇬🇧British Shell 🇫🇷French TotalEnergies 🇨🇳Chinese CNPC 🇷🇺Russian Lukoil are involved in regional hydrocarbon extraction. What could happen to Middle Easte energy production if the conflict escalates and the US and Iran start to directly attack
regional military outposts? (Not) Funny fact: Only a few days ago, ENI's CEO Claudio Descalzi said oil markets signalled that a regional escalation and closure of the Strait of Hormuz were unlikely. In a today's interview for the FT, he also states he hates "to be politically
correct." I wonder how he would "incorrectly" and in his secret chambers justify calling back company's workers from the most prolific Oil & Gas region in the world...
To explore the energy geopolitics of the Middle East ➡️Qatar’s Gas Diplomacy in the Iran-Israel War 🫴https://rebrand.ly/RE2587 ➡️The Blind Obsession For The Strait of Hormuz 🫴https://rebrand.ly/RE2546 ➡️Energy's Sleepless Weekend in the Middle East 🫴https://rebrand.ly/RE2525