Iraq considers a string of massive oil deals with China

OILPRICE | With the Western-leaning, reformist agenda of Iran President, Hassan Rouhani, neutered by the unilateral withdrawal of the U.S. from the Joint Comprehensive Plan of Action in 2018, hardline groups led by the Islamic Revolutionary Guards Corps (IRGC) have been able to gradually recoup all of their previous power and influence, and more. The additional part has been a definitive pivot away from any notions of engagement with the West and Iran seeking to push Iraq firmly into the Sino-Russian power bloc. This was highlighted again by last week’s announcement that Iraq’s Parliamentary and Economic Investment Committee is to re-open the file of the Sino-Iraq agreement agreed last September. 

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