China Snubs Washington With Big Oil Deals In South Iraq ...Middle East

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China Snubs Washington With Big Oil Deals In South Iraq
source : OILPRICE ( Middle East ) () 8
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…

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