Page 7 - Al-Rashed Newsletter May 2022

IRAQ NEWS

"I AM CAREFUL NOT TO Iraq’s Foreign Minister, Iranian counterpart discuss climate change
CONFUSE EXCELLENCE
The Iraqi Minister of Foreign Affairs, Fuad Hussein, discussed climate
WITH PERFECTION. changes and dust storms that hit Iraq and Iran in the past days, with the
EXCELLENCE I CAN Iranian Minister of Foreign Affairs, Hossein Amir-Abdollahian, during a
phone call on Tuesday, according to a press statement issued by the Iraq
REACH FOR; PERFECTION
Ministry of Foreign Affairs.
IS GOD'S BUSINESS."
~ MICHAEL J. FOX Both officials addressed important regional challenges related to climate
changes such as dust storms, drought, desertification, biodiversity decline,
and possible ways to face these challenges to reduce the impact of climate
change and to provide a healthy environment suitable for humanity.
https://www.iraqinews.com/iraq/iraqs-foreign-minister-iranian-counterpart-discuss-climate-change/

Oil fields development competition in Iraq heats up

The Iraqi government is trying to attract new and diverse investments in oil
and energy sector as it seeks to increase the production, and develop the oil
industry infrastructure, as part of its plan to export eight million barrels per
day by the end of 2027, according to Sky News Arabia.
China is considered one of the most important buyers of Iraqi crude.
Chinese governmental companies managed to establish a dominant position
in terms of investments in the Iraqi oil sector, raising governmental concerns
that Iraqi oil sector will be dominated by China, especially in the light of the
fierce competition between Washington and Beijing.
But the Iraqi government put an end to the Chinese investments in its major
oil fields as it recently expressed reservations about the desire of Chinese
companies to buy shares in its oil market, and instead, held talks to diversify
investors in the field of oil and energy.
The Iraqi Minister of Oil, Ihsan Abdul-Jabbar Ismail, recently held talks with
British and French officials in an attempt to secure more investments in the
oil and energy sector.
Ismail announced that Iraq offered new plans to British Petroleum (BP) and
Total to invest in the oil, gas and clean energy sectors.

https://www.iraqinews.com/iraq/oil-fields-development-competition-in-iraq-heats-up/