China Expands Operations Across Iraq’s Huge West Qurna 1 Oil Field

The history of the Middle East since the 1990s has been in many aspects been defined by China’s need to secure sufficient energy to power its economic growth to rival the superpower status of the U.S., and Washington’s efforts to keep these efforts in check. The ebb and flow of these competing forces has been felt nowhere more acutely perhaps than Iraq, with its very conservatively estimated 145 billion barrels of oil reserves and 3.5 trillion cubic metres of gas. While U.S. forces remained on the ground following the 2003 overthrow…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com