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Baghdad is doubling down on its push to regain control of Kurdish oil, stripping any authority that the government of the semi-autonomous region of Kurdistan in Iraq’s north has over its heavily Russian-dominated oil industry
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Premium Content China Snubs Washington With Big Oil Deals In South Iraq By Simon Watkins - Jan 21, 2021, 6:00 PM CST There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) in Baghdad and China’s Zhenhua Oil. First, is that the deal is straight out of the playbook that Russia used to gain control over Iraq’s semi-autonomous northern region of Kurdistan in 2017. Second, according to various sources close to Iraq’s Oil Ministry spoken to by ...