Via The Atlantic Council, a look at why China is here to stay in Iraq’s energy sector: Even as Iraqi Prime Minister Mohammed Shia al-Sudani has worked to increase US involvement in Iraq’s energy sector, his government has also expanded already-deep ties with Beijing by awarding new upstream projects to Chinese companies and increasing the […]
Read more »Via The Economist, a look at the world’s surprise boomtown – Baghdad: Cranes sprout above the Baghdad skyline. The shriek of electric saws echoes across the city. Under the heavy summer sun, workers lay a new pavement outside a chic fromagerie. Baghdad is enjoying a construction boom. Iraq looks remarkably stable—and that is drawing foreign investors and […]
Read more »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 »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 »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 »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 […]
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