Iraq Top Recipient of China’s Belt and Road Initiative Financing for Infrastructure Projects in 2021
February 6th, 2022
Via South China Morning Post, an article on Iraq’s role in China’s BRI: Iraq was the top target for China’s Belt and Road Initiative in 2021, receiving US$10.5 billion in financing for infrastructure projects including a heavy oil power plant, a study published on Wednesday said. In total, China’s engagement through investments and contractual cooperation across the […]
Read more »The New Iraq, Signs Of Hope Amid The Rubble And Reconstruction
January 17th, 2022
Via WorldCrunch, an article on some glimmers of hope for Iraq as the country tries to rebuild following four decades of war and embargoes: With a vast office located at the top of a tower fiercely guarded by the army and a bell to call the staff, Khalid Hamza Abbas is obviously a powerful character, […]
Read more »TotalEnergies and Iraq Agree To A $27bn Deal
October 15th, 2021
Via The Economist, a report on a new oil deal in Iraq: Being an oil-industry boss is an exercise in displeasing all sides. Pumping hydrocarbons out of the ground is lucrative, but angers environmentalists—including those sitting in boardrooms and governments. Renewables and other green projects are more palatable, but often fail to woo investors. TotalEnergies […]
Read more »TotalEnergies to Invest $27 Billion in Iraq
September 6th, 2021
Courtesy of the Wall Street Journal, a report on a significant investment in Iraq: French energy giant TotalEnergies SE plans to invest $27 billion in Iraq in a 25-year deal, according to people familiar with the matter, boosting its position in the country at a time when other Western companies have been rethinking their exposure. […]
Read more »Lukoil Retracts Decision to Sell Stake in Iraq’s Field
August 1st, 2021
Via Bloomberg, an article on Lukoil’s recent decision not to sell its stake in West Qurna-2 field in the south to Chinese companies: Russia’s Lukoil PJSC is retracting its decision to sell its stake in West Qurna-2 field in the south to Chinese companies, according to Iraqi state-run newspaper Al-Sabah. Iraq’s oil ministry has been in talks […]
Read more »As Major Western Oil Companies Reconsider Iraq, China Seizes Opportunities Offered By Their Departure
July 24th, 2021
Via Al Monitor, a report on Chinese oil companies’ increased interest in Iraq: Western oil companies have started to pull out of central and southern Iraq and are being replaced by Chinese companies following terrorist attacks against facilities and reports of extortion from tribes, militias and bureaucratic officials in state institutions. Meanwhile, Iraq has halted its plans to […]
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.