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 […]
Read more »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. […]
Read more »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 […]
Read more »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 […]
Read more »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 […]
Read more »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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