Iraq and TotalEnergies' $27 billion oil and gas deal could be the US's last chance to regain influence in the country.
Ever since the U.S. formally ended its combat mission in Iraq on 9 December 2021, it and its key allies have been looking for a way back into the country. The reasons why are the same as those that led it into Iraq in the first place in 2003 and those that have seen China and Russia hurry to fill the power vacuum left by the U.S. and allied withdrawal, as analyzed in full in my new book on the new global oil market order.
Consequently, the very recent comment from Iraq’s Oil Minister Hayan Abdel-Ghani that TotalEnergies will help Iraq eliminate gas flaring within a year appears highly optimistic, to say the least.
Oil And Gas Totalenergies US China Iran Gas Flaring Common Seawater Supply Project
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