Iraq could potentially produce 12 million bpd of crude oil 🛢️, but doubts arise over a $27 billion deal with TotalEnergies 😕. Iran urged to block Western deals in Iraq 🔒. IraqOil TotalEnergies
, it was made clear to Iran it should do all it could to stop major deals being done in Iraq by Western companies.
So, where is this deal now? “Highly fluid - China wants all the big [oil and gas] reservoirs in the Middle East,” said the EU energy source. “It secured Iran’s with the 25-year deal [Strategic Cooperation Agreement, first revealed anywhere in the world in my on the subject], which also gave it the chance to leverage its influence more into Iraq’s [oil and gas] reservoirs as well, and now it’s got Saudi Arabia’s too, to add to Russia’s – that’s a lot of oil and gas to control,” he concluded.
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