Iraq oil

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Why Not Let China Pump Iraq’s Oil?

The Diplomat’s Zachary Keck challenges U.S. critics who have expressed outrage at the news that China – not America  – has become post-war Iraq’s biggest oil customer: Overwhelming public discourse...

China Reaping Biggest Benefits of Iraq Oil Boom

The New York Times’ Tim Arango and Clifford Krauss report that, ten years after the U.S.-led invasion, China is buying up almost half of Iraq’s oil output, taking 1.5 million of a total 3.5 million barrels per day....

China Reaps Benefits of Iraq War with Oil Deals

From AP: From among the most outspoken of critics of the 2003 U.S.-led invasion to topple Saddam Hussein, China has emerged as one of the biggest economic beneficiaries of the war, snagging five lucrative deals. While Western...

Drive to Tap into China Demand Spurs Partnerships

The Financial Times reports on a slew of new deals which have Western oil companies cooperating with Chinese partners on various projects around the globe: Royal Dutch Shell has teamed up with PetroChina for a joint bid for...

Iraqi OIl Goes to China

Forbes reports on China’s efforts to secure gas and oil field contracts with Iraq: Chinese oil giants have turned to Africa and other developing countries to explore oil. With 115 billion barrels in proved remaining...

Shell Partners with Chinese for Iraq Oil Bid

Royal Dutch Shell is partnering with Chinese companies to enter a joint bid on oil fields in Iraq, Reuters reports. China was the first country to successfully bid on a major oil deal in post-Saddam Iraq: “We indeed have...

China and Iraq Sign Oil Deal

China National Petroleum Corporation (CNPC) and Iraqi state-owned oil company North Oil have signed a contract worth $3.5 billion. From The New York Times: It will allow CNPC, together with another Chinese company, Norinco, to...

Iraqi Cabinet Approves $3 Bln Oil Deal with China

The oil deal between that China is hoping to sign with Iraq is close to being finalized. From Reuters: The Iraqi government recently announced renegotiated terms of the oil deal with the Chinese National Petroleum Company...

China Has Head Start Over West for Iraq Oil

The Guardian reports on the significance of China’s new oil deal with Iraq: The deal could set a precedent for terms that fall far short of the lucrative contracts the oil majors had hoped for as they jostled for access to...

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