On October 19th, 2012, Reuters quoted a statement from a diplomat as saying that US oil giant Exxon Mobil is seeking to withdraw from a giant oilfield project in southern Iraq. This move is believed to increase tension in the country. It even hit the Iraqi government’s ambitious energy expansion plan.

The source stated that the main reason for Exxon Mobil's withdrawal was expected to be called Sigirney-1, and the projected profit of the project of US$50 billion will be very thin in the future; compared with this project, it was signed one year ago. The exploration project in the Kurdistan Autonomous Region in northern Iraq has a better prospect of income.

However, the Iraqi government has declared that any agreement signed between the foreign oil company and the Kurdish self-government is illegal and promises to punish Exxon Mobil by tearing down the West Qurna-1 project contract. It is believed that there are 87 in the area. Billion barrels of reserves.

Two Western diplomats confirmed that the Exxon Mobil executive informed the U.S. State Department officials earlier this week that the company is seeking to sell 60% of the West Qurna-1 project. One of the sources said, "Exxon Mobil is warning Baghdad. We just want you to know that we are planning to leave. They are buying around and trying to explore all possibilities." Both Exxon and the U.S. Department of State refused The report responded.

An analyst inside the oil industry stated that whether Exxon Mobil can get out of southern Iraq will depend on whether it can find a company willing to buy out its rights in the West Gourna-1 project. "If it can find the right buyer They can leave. This is an unusual move for Exxon Mobil. They rarely give up.” Industry sources also said that the Iraqi government is also eager to find an alternative to Exxon Mobil, probably from Russia or even China. The company took over to give these Western oil giants a lesson. This industry insider emphasized that although this may bring about changes in the pattern of Iraq’s diplomatic and political influence, purely technically speaking, it is difficult for Russian and Chinese companies to make any contribution to the oil industry in Iraq.

Arch Fender offers higher performance than the conventional V-Type fenders including Super M and Super Arch Fenders. Super Arch Fenders are particularly suitable for small harbor and applications where vessel projections are encountered during berthing. Super arch rubber fenders are tough and reliable, simple and long lasting. Providing trouble-free service for a wide variety of berthing even under the most severe conditions. Super Arch Rubber Fender has the better stability and stronger attachment to the supporting structure than the traditional arch/ v rubber fender.

Super arch rubber fenders also can be bolted with UHMW-PE face pads, combining resilience with low-friction, non-marking properties. This design can reduce the torsion the bottom of the fender dramatically, then prolong the life-span of rubber fender body. The UHMW-PE face pads have various colors, and can be replaced easily.

Arch Fender

Arch Fender, Arch Rubber Fender, Arch Marine Fender

Qingdao LuHang Marine Airbag and Fender Co., Ltd. , http://www.marinefendersystem.com