Archive for the ‘Iraq’ Category

TotalEnergies and Iraq Agree To A $27bn Deal

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 […]

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TotalEnergies to Invest $27 Billion in Iraq

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. […]

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Lukoil Retracts Decision to Sell Stake in Iraq’s Field

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 […]

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As Major Western Oil Companies Reconsider Iraq, China Seizes Opportunities Offered By Their Departure

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 […]

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China To Invest $1B In Iraqi Factories

Via Belt & Road News, a report of a new Chinese investment in Iraq: Chinese companies have agreed to build three factories in Iraq for manufacturing ceramics and cardboard with a total value of around $980 million. The projects in the Southern AL-Muthanna Governorate bordering Kuwait and Saudi Arabia comprise a ceramics factory at a […]

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After Years As A Battleground, Investment Boom Lifts Iraqi City

Courtesy of The New York Times, an article on Ramadi – site of some of the fiercest fighting against U.S. troops during the Iraq war – is emerging as one of Iraq’s most stable cities: On the banks of the Euphrates River, the iron beams and bricks are going up for a 20-story luxury hotel with […]

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About This Blog
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

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.