Posted on 09/14/2019 9:40:51 PM PDT by NorseViking
With the U.S, Russia, and China all jostling for position in Iraq’s oil and gas industry both north and south, Iraq’s oil ministry last week reiterated its desire to have one or more foreign partners in the Mansuriya gas field. Situated in Diyala province, close to the Iran border, Mansuriya is estimated to hold around 4.6 trillion cubic feet of natural gas, with plateau production projected at about 325 million standard cubic feet per day.
For the U.S., encouraging Iraq to optimise its gas flows so that it reduces its dependency for power from Iran is the key consideration. For Russia, Rosneft essentially bought control of the semi-autonomous region of Kurdistan in northern Iraq in November 2017, so power in southern Iraq figuratively will complete the set.
Securing oil and gas contracts across all of Iraq will allow Russia to establish an unassailable political sway across the entire Shia crescent of power in the Middle East, stretching from Syria through Lebanon (by dint of Iran), Jordan, Iraq (also helped by Iran), Iran itself, and Yemen (via Iran). From this base, it can effectively challenge the U.S.’s vital oil, gas, and political ally in the region – Saudi Arabia. China, in the meantime, is operating to its own agenda in South Pars Phase 11 and its West Karoun holdings.
(Excerpt) Read more at yahoo.com ...
They keep saying the US but what company is it? We don’t have a state-run oil and gas company.
Only China of the above has a government monopoly. By Russia and US they mean a whole set of national oil companies.
Good point.
Primarily ExxonMobil. On Russian side mainly Lukoil, then Rosneft and Gazprom. Probably Bashneft but I think it sold its Iraqi operations to Rosneft.
Those Russian ones are what, govt and private owned combined?
If that even exists :)
Wasn’t that what national socialism is.
Govt and private own together?
I should have filled up yesterday morning.
All of the above are publicly traded companies although Rosneft and Gazprom are heavily government controlled.
Lukoil which owns most of Iraqi oil and the most efficient Russian energy company has about zero government control.
Wow. thanks.
The classic case of “blood for oil” is evident here. So tell me, if Iraq gives this to anyone but the US, why did we spend so much money and spill so much American blood? We don’t need their oil. In five years we will be energy independent and the Saudis and Iraqis can pound sand as far as any US money is concerned.
Generally true, but it wasn’t the intention in 2003. That’s the example of overreach by politicians pushing their combined vested interests with big oil at the time.
No potential returns for big oil behind Bushes could compensate for the loss of life and treasure in this mess.
And it failed to produce an environment good enough for the American companies to earn any profit at all.
The same overreach is evident in Europe now with LNG drive.
gasoline didn’t budge a penny all summer long- was $2.89 the whole duration- As soon as the tourists left it dropped a whopping 4 cents to now $2.85 - meanwhile 3 towns down from us it’s almost $.30 cents a gallon less (Guess it costs $.30 a gallon more to truck it 20 more miles)
Putin and his dictatorship control everything and anything russian if and when they want. Period.
Rumors it is the case with the Wall Street bankers, Koch Brothers in US. Is it true or not a subject to debate.
You can own stocks in Russian companies as easy as you can in GE or GM and if their historical trend would continue you’d make more off Russian stocks.
Look at all these people who said America fought for oil rushing to get the oil...
America is not = neocons. See post #11. To go for something and to get something is not the same thing.
Yeah, that is what she said
Just think of the mess, that absolute turmoil that got started when Bush invaded Iraq using the ruse that Saddam had WMD’. Yes, Saddam was evil, but which leaders in the ME aren’t? He did keep the ME somewhat stable and Iran busy.
Back in the Truman days he knew the value of stability with regards to Nicaragua’s Samoza, he supposedly said: “He’s a bastard, but he’s our bastard.”
I can’t stand to look at that smirky A-hole (Bush), he’s beyond RINO or closet lefty. He did everything in his power to help turn the world upside down in the name of global elitists vision of the New World Order.
We don’t really need it, and it’s right in the middle of a free-for-all zone. Take the oil off South America, and shale away, brother!
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