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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 OilPrice.com last week, this deal between Russia’s Rosneft and the government of Kurdistan (the KRG) meant that Moscow was able to cause such disruption in the budget payments-for-oil deal between Kurdistan and Baghdad that the resulting financial crunch for the FGI pre-disposed Baghdad to look beneficially at the China proposal in the first place. This implies clearly that Russia and China

United statesAt ta mimDonald trumpHaider al abadiSinopec asiaJoe bidenJabar al luaibiSimon watkinsMustafa al kadhimiMorgan ortagusHoneywell internationalBaker hughesZhenhua oilZhuhai zhenrong corpIran islamic revolutionary guards corpStellar energy