With this new slew of oil and gas license awards, it may be that China has ultimately got where it wanted to be in Iraq.
Iraq remains crucial to China ’s ongoing efforts to establish dominance over the Middle East for three main reasons, which is why the slew of new ‘fifth-plus’ and sixth oil and gas licensing concessions its firms won last week is not just enormously significant for it, but also for the U.S. as well.
The second reason why Iraq is so important to China is that it, together with Iran again, forms a Shia Islam counterpoint to previously U.S.-aligned Sunni Islam leader of Saudi Arabia. This allows China to play one side off against the other, with the threat of an increasingly aggressive Iran being used by Beijing to persuade Saudi Arabia to fully break away from the U.S.’s sphere of influence and to sign the 10 March 2023 resumption of relationship deal with Iran.
China Licensing Round Zhenhua Oil Upstream Oil Drilling Oil Production
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