The normalization of relations between Saudi Arabia and Iran and China s growing footprint in the Middle East could have a serious impact on Iraq s oil industry.
Last week saw six oil concessions awarded by Baghdad to three companies from China and the UAE, as the former is set to take over the lead operator role of the supergiant West-Qurna 1 field
Qatar’s move to buy a 30 percent stake in four US$27 billion projects in Iraq that were set to be managed entirely by France’s TotalEnergies are in line with the U.S.’s new strategy for Baghdad