Via Oil and Gas Daily, a look at China’s growing influence in Iraq: China has gained a major foothold in oil-rich Iraq, shaking up Western domination in fields from energy to construction, even as some warn that infrastructure projects could leave Baghdad in debt. After decades of conflict, Iraq is “badly in need of foreign […]
Read more »Via The Economist, a look at how a new web of railways could transform the Middle East and Africa: Not since the Hijaz railway between Damascus and the holy city of Medina was ruptured by the British buccaneer-cum-scholar T.E. Lawrence in the first world war has overland travel out of Saudi Arabia’s hinterland seemed so […]
Read more »Via Frontier View, a look at Iraq’s current economic status: Oil production is growing, increasing to 4.58 million barrels per day this month Both businesses and consumers are suffering from higher inflation that is pressuring margins and household income, particularly as transportation and raw material costs spike. Price sensitivity will remain elevated among most consumers, […]
Read more »Courtesy of Foreign Policy, an article on why the world’s sixth-largest oil producer still suffers from fuel shortages and power outages: As Iraq marks 19 years since the U.S.-led invasion and the fall of former Iraqi President Saddam Hussein’s regime this month, the country hasn’t turned into the stable, prosperous democracy that the United States and […]
Read more »Via The Asia Times, an article on how China’s infrastructure scheme is now connected from Iran through Iraq to the eastern Mediterranean with more links to come: “All eyes on Ukraine,” writes a former staff member of a British prime minister in an email. That is understandable, but not to the exclusion of everything else. […]
Read more »Via Oil and Gas Daily, a report that Iraq’s top court has ordered Kurdistan to ship all oil to Baghdad: Iraq’s top court on Tuesday ordered the autonomous Kurdistan region to deliver all oil produced there to the federal government in Baghdad — a move that could reignite long-standing tensions. A ruling by the federal Supreme […]
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