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Re: Iraq not having an easy timeWhen it reaches the stage where the Russian start pulling out you know things are really f'ed up. Who's left to come in and try to screw? The Chinese. There's been deals like this. https://www.reuters.com/world/middle-east/chinas-cncec-build-oil-refinery-petrochemical-plant-southern-iraq-statement-2021-07-13/ On the other hand the Iraqis turned around last week and did this: https://www.spglobal.com/platts/en/market-insights/latest-news/oil/062321-iraq-fully-cancels-pre-paid-oil-d eal-with-chinas-zhenhua-sells-crude-to-other-customers Iraq has scrapped a $2 billion pre-paid oil supply agreement with China's state-owned Zhenhua Oil Co. and sold the crude earmarked for the deal to other customers, as Baghdad seeks to take advantage of rising prices, a top oil official told S&P Global Platts. |
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Msg # | Subject | Author | Recs | Date Posted |
342790 | Re: Iraq not having an easy time | Tex7779 | 2 | 8/1/2021 12:51:28 PM |