American newspaper: Western oil companies have begun leaving the Gulf for Africa and South America due to the war

An American newspaper reported today, Tuesday, that Western oil companies, led by “Exxon Mobil” and “Chevron,” have begun implementing a large-scale escape plan from the Gulf region, heading towards remote areas in Africa and South America, as a result of the repercussions of the American-Israeli war on Iran.

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According to The Wall Street Journal, these companies are currently accelerating their search for new oil and gas fields thousands of miles away from the conflict zone, after Iran proved its ability to turn the Strait of Hormuz into a “deadly trap” for the global economy.

The Wall Street Journal stated that “Exxon Mobil” has set an ambitious plan to inject $24 billion into deep oil fields in Nigeria, while “Chevron” expanded its presence in Venezuela.

“BP,” meanwhile, purchased stakes in fields off the coast of Namibia, and “Total” signed an exploration deal with Turkey.

“Exxon Mobil” had announced that the war led to a 6% decline in its oil and gas production in the first quarter and that the damage to its facilities in Qatar incurred annual losses estimated at $50 billion.