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Iraq's new oil law aims to centralize control over the nation's oil, potentially undermining Kurdistan's autonomy and furthering Russia and China's influence in the region while excluding Western interests.
Talks are heating up between Iraq and Turkey about restarting a major oil flow, but not everything is as it seems.
Crude exports from Iraqi Kurdistan have been halted for well over 4 months now, and despite the ongoing negotiations, Baghdad isn’t keen on resuming exports soon
Since 2017, Russia and China were working closely together in Iraq in order to secure lucrative oil contracts, and diminish the influence of Western countries in the oil-rich country
The disagreement between Baghdad and the KRG about oil revenues has led to the suspension of contracts for IOCs in Iraq’s north, but now it seems that the ban has been relaxed by Baghdad