Trump Aims to do a Deal with ExxonMobil to Secure Syrian Oil

`We don`t want to keep soldiers between Syria and Turkey for the next 200 years.` Trump told reporters during an impromptu press conference after his Sunday announcement that the leader of the so-called Islamic State. Abu Bakr al-Baghdadi. was killed in an overnight US military operation in Syria.

`We`re out. but we are leaving soldiers to secure the oil.` Trump said.

`What I intend to do. perhaps. is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly…and spread the wealth.` he added. noting that much of the oil is in the ground and the equipment to extract it is lacking.

`The oil is so valuable. for many reasons.` Trump said on Sunday. `It fueled ISIS. number one. Number two. it helps the Kurds – because it`s basically been taken away from the Kurds… And. number three. it can help us. because we should be able to take some also.`

The US `may have to fight for the oil.` he said. `It`s okay.` The president said anyone trying to take the oil will have a `helluva fight` on their hands.

Defense Secretary Mark Esper said earlier this week that the US will send in troops to protect Syrian oil fields from Islamic State militants.

Syria is not considered a major oil producer. US Energy Information Administration oil data pegged Syrian output around 30.000 b d as of June. well-down from the near 600.000 b d levels seen in the mid-1990s.

About core

Check Also

Oil Up on Demand Hopes from China’s Looser Monetary Policy

Oil prices rose on Wednesday, with market participants expecting demand to rise in the world’s …

Leave a Reply

Your email address will not be published. Required fields are marked *