The Superpowers Battling Over Iraq's Giant Oil Field | WHAT REALLY HAPPENED

The Superpowers Battling Over Iraq's Giant Oil Field

For Russia, the Middle East offers a key military pivot from which it can project influence West and East and that it can use to capture and control massive oil and gas flows in both directions as well.

For China, the Middle East – and, absolutely vitally, Iran and Iraq – are irreplaceable stepping stones towards Europe for its era-defining ‘One Belt, One Road’ project.

Earlier this week an announcement was made by Iraq’s Oil Ministry that highlights each of these factors at play, through a relatively innocuous-sounding contract award to a relatively unknown Chinese firm.

Specifically, it was announced that China Petroleum Engineering & Construction Corp (CPECC) has been awarded a US$121 million engineering contract to upgrade the facilities that are used to extract gas during crude oil production at the supergiant West Qurna-1 oilfield in Iraq, 50 kilometres northwest of the principal oil hub of Basra. The project is due to be completed within 27 months and aims to increase the capture of gas currently being flared across the site. Two factors that were not highlighted in the general announcement were firstly that CPECC is a subsidiary of China’s principal political proxy in the oil and gas sector, China National Petroleum Corp (CNPC), and secondly that the gas capture project will also include the development of the oil reserves at West Qurna.

Webmaster's Commentary: 

So, it appears that the real "winners" of the US's invasion and occupation of Iraq, will be either China or Russia, or China and Russia, possibly working together in some deal with which to benefit both countries, when this project is completed?!?

Comments

More like China and Russia...

Tian Shan

See Shanghai Cooperation Organisation
https://en.wikipedia.org/wiki/Shanghai_Cooperation_Organisation

"Founded on 26 April 1996...". Back then, China and Russia knew who the enemy of the world was: The United States govt., and felt it was necessary to cooperate and create the SCO, which joined forces in order to disrupt the hegemony of the U.S.

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