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Baghdad steps up its involvement in dedollarization

By Rhod Mackenzie

Last week, the Finance Committee of the Iraqi Parliament called for an end to the sale of Iraqi oil in dollars in response to US sanctions against Iraqi banks.

According to Oil Price, the committee stated that the US Treasury is using money laundering as a pretext for imposing...

Sanctions USA BRICS Iran Oil Iraq Dedollarisation
China and Russia squeeze out Western Oil Majors out of Iraq

By Rhod Mackenzie

The West Qurna 1 field is one of the largest in Iraq, with reserves estimated at over 20 billion barrels of oil. According to Oil Price (OP), the Chinese energy company PetroChina has taken over as the main operator of the project after US energy giant ExxonMobil withdrew from bo...

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Will BRICS Open Its Arms to Iraq?

By Ali Kareem Ozheb

2023 has seen the announcement of a spate of invitations for potential accessions to BRICS—an emerging economic and geopolitical bloc currently comprising Brazil, Russia, India, China, and South Africa. On the heels of this, a number of other countries are also looking to join....

BRICS Trade Iran Investment Iraq