When the Bush Administration invaded Iraq in the spring of 2003, allegations that the US’ core interest is Iraq’s immense oil bounty were plentiful. Whilst US-based oil services companies certainly profited greatly from Iraq opening up to international investment, upstream-focused companies failed to find themselves in the oil bonanza they were purported to be in. After less than 20 years there seems to be an almost complete exodus of US oil companies in Iraq – demotivated and eager to exploit other opportunities, they all have…
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