Friday, October 25, 2024
China's Rise in Iraq's Energy Sector: From Newcomer to Dominant Player, 25 OCT
China's Rise in Iraq's Energy Sector: From Newcomer to Dominant Player
While Iraqi leaders consistently emphasize the importance of Western investment in their energy sector, their actions instead are increasing Iraq’s dependence on Chinese markets and oil firms.
Executive Summary
Chinese energy companies emerged as dominant players in the Iraqi Oil Ministry’s May licensing rounds to auction 29 oil and gas blocks, securing 10 out of 13 oil and gas blocks. Shell was the only Western international oil company to participate, and it did not win any bids. Other Western and U.S. international oil companies showed no interest in bidding, despite improved fiscal terms of the contracts.
The resounding success of Chinese firms underscores a significant shift, solidifying Beijing’s already strong position in Iraq’s energy landscape and presenting a substantial challenge to Washington’s strategic position in the region.
The increasing Chinese dominance comes amid a seemingly contradictory development: In April, Iraqi Prime Minister Mohammed al-Sudani signed numerous memorandums of understanding with U.S. energy companies, particularly focusing on gas development and power generation. This focus aligns with Washington’s strategic goals of diminishing Iran’s political influence in Iraq and, by extension, blunting China’s push to dominate Iraq’s hydrocarbon sector.
The stark contrast between the memorandums of understanding signed by U.S. companies and the contracts awarded to China demonstrates a significant mismatch between the aspirations of Washington and the realities of the investment environment in Iraq. link
EXCERPTS FROM MARKZ, 25 OCT
EXCERPTS FROM MARKZ
Member: On a scale of 1-10, 10 being most likely, what would you rate this happening in the next week?
Member: Lot’s of chatter about possible event this weekend, keep your powder dry, and stay vigilant.
MZ: A number of military and government contacts have told me lock downs could start as early as today. I do not know why…..but I always stay stocked up in case something like that happens. A lot of very connected contacts at the grocery stores today. I don’t want to panic anybody…..just be prepared.
MZ: This could be it…..A lockdown and an announcement? Maybe the lockdown is because the global monetary system is changing…..I do not know.
Waiting to be sent.. Oil and Gas Law on the Government Discussion Table, 25 OCT
Member of the Parliamentary Oil, Gas and Resources Committee, Kazem Al-Tawki, confirmed today, Thursday, that the draft oil and gas law is awaiting approval within the Council of Ministers, indicating that the joint committees between the federal government and the regional government are continuing their work to decide on the law.
Al-Tawki told Al-Maalouma Agency, “There are controversial articles that hinder sending the draft oil and gas law to the House of Representatives,” noting that “the draft is still in the government’s possession.”
He added that "the oil and gas law is still on the government's discussion table," noting that "the relevant committees are continuing their meetings in the hope of reaching an agreement on the controversial articles."
He stressed that "there is a common vision between the governments of Baghdad and the region to complete the oil and gas law file and send it to the House of Representatives." link
"MAJOR ZIM BOND" FROM A HIGH CONTACT @ERA54321DORADA, 25 OCT
@Era54321Dorada
MAJOR ZIM BOND STING OP
From a high contact From my understanding, The controllers of the Redemption process have been activated by authorities and were made aware of the fact that there were and still are FOREIGN NATIONALS with Fake ZIM BONDS . They were sent “Notifications" deliberately by the WHs to lure them into coming to ZURICH /Europe so as to trap them. The WHs were successful. This won't delay things as it was planned FYI : there have been three sting operations in Zurich. Last week they arrested 73 more people. The previous month there had been over 300 arrests. Mostly Colombian and Venezuelan citizens with fake Zimbabwean Bonds. Many sellers have had their bonds confiscated by the "authorities" and ordered to leave the country within 24 hours. --_-- So many scoundrels out there
Shame on the community.
The cleanup must continue 
@Era54321Dorada
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