Why Did Iraq Suspend a $10 Billion Deal With China?
November 22nd, 2024
Via The Diplomat, a look at how the decision to stall a massive oil-for-infrastructure agreement marks a turning point in Middle East power dynamics: In a significant geopolitical development, Iraq’s $10 billion oil-for-infrastructure agreement with China has effectively stalled. The ambitious project, initially established under Beijing’s Belt and Road Initiative in 2019, had positioned Iraq as […]
Read more »BP To Develop New Oil & Gas Fields In Iraq
August 1st, 2024
Via Al Monitor, a report on BP’s plans to develop new fields in Iraq: Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas fields in the northern province of Kirkuk. A memorandum of understanding was signed by Iraq’s Oil Minister Hayan Abdel Ghani and BP’s CEO […]
Read more »Turkmenistan and Iran Sign Deal To Supply Gas To Iraq
July 7th, 2024
Via Associated Press, a report on a recent deal between Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery. Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. The deal was […]
Read more »Iraq Eyes Joining China’s Belt and Road Initiative
July 3rd, 2024
Via BNE Intellinews, a report on growing Chinese investment in Iraq: Iraqi Prime Minister Mohammed Shia Al-Sudani confirmed on June 9 the possibility of linking China’s Belt and Road Initiative with Iraq’s strategic Development Road project during a meeting with Dai Houliang, chairman of China National Petroleum Corporation (CNPC). According to a statement from the […]
Read more »China Expands Its Oil Ties in Iraq
June 5th, 2024
Via The Diplomat, a look at how China’s dominance in Iraq’s energy sector creates political interdependence between the two countries: China is the world’s largest crude oil importer, importing more than 11 million barrels daily. Almost half of this import need is supplied from Middle Eastern countries, although Russia is the single-largest supply of crude oil […]
Read more »Chinese to Explore Iraq’s Oil and Gas
May 13th, 2024
Via GeoPolitics in South Asia, a report on Chinese interest in Iraq’s petroleum assets: According to Reuters, Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use. An Iraqi Kurdish company also […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.