China Skirts U.S. Sanctions On Iranian Oil
The Wall Street Journal reports that U.S. sanctions on Iranian oil haven’t stopped China...
Iraq oil
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LatestWhy 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...
China Oil Deal Is New Source of Strife Among Iraqis
The New York Times follows up on an oil deal signed between Iraq and China last year in Iraq’s first post-war oil development contract, and looks at the consequences of the deal for Iraqi citizens: One year later, the...
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...
Iraq May Sign Ahdab Oil Field Contract With China
In its never-ending search for natural resources and energy, China is about to sign a deal with Iraq to develop to Ahdab oil field. From AP: Saddam Hussein’s regime defied United Nations sanctions that limited direct...
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