Iraqi Government Prevents Chinese Parties From Buying Into Oil Deals ...Middle East

The Iraqi government prevented three deals that would have seen greater Chinese ownership in its oil fields, Reuters has reported, adding that should that have happened, international companies would have left the country. Two of these deals involved Russia's Lukoil and Exxon, which were both in talks with Chinese buyers of a couple of the biggest producing fields in Iran—West Qurna 2, which Lukoil operates, and West Qurna 1, where Exxon is the operator. Both deals fell through after the Iraqi government intervened, the report notes, citing…

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