OIL COMPANIES ARE WITHDRAWING FROM IRAQ, DEEMING IT HIGH-RISK.
International oil companies, including BP , have begun evacuating foreign staff from their sites in Basra and Kirkuk, as security threats escalate in the country.
Politico reported on Thursday (April 2, 2026) that companies described Iraq as a “high-risk environment” due to the increasing number of rocket and drone attacks targeting vital facilities and Western interests.
The report indicated that the evacuation was part of precautionary measures to protect employees, while maintaining operational processes at a minimum through local staff.
This move comes after a series of evacuations that began in March, involving foreign employees at oil fields in southern Iraq, following drone incidents inside production sites.
Hundreds of workers from American and European companies have also gradually left their posts, amid fears that energy facilities could become direct targets in the ongoing conflict.
These developments coincide with an escalation of attacks inside Iraq, which have targeted oil fields and facilities, military sites, and diplomatic missions.
Despite continued production, the reduction in foreign presence raises concerns about declining investments and a slowdown in field development, at a time when Iraq is almost entirely dependent on oil revenues.
The Iraqi government had previously affirmed its commitment to keeping the country out of the conflict, stressing that Iraq “is not a party to the conflict” and refuses to be drawn into it.
However, developments on the ground, and the evacuation of foreign companies, reflect the magnitude of the challenge in shielding Iraq from the repercussions of regional escalation.
COMMENTS OF MNT GOAT: (And you think other investors are going to ‘flock’ to Iraq under these conditions? You think the U.S. is going to allow the dinar to be reinstated under these conditions? Oh.. but TNT Tony and Bruce idiots tell you their three letter agency boys (super reliable intel…lol..lol..lol..) that the RV is going to happen this week just like they did for the last decade for every week.)