Analyzing Russia’s Involvement in Iraq and the Kurdistan Region’s Energy Sector
Bahrooz Jaafar
4/4/2024 8:02:00 AM
As geopolitical chess pieces move, Moscow, with Beijing as its ally, strategically advances towards controlling the energy narrative and investment in Iraq, an effort to distance Baghdad from Western energy engagements and align it with the emerging Iran-Saudi Arabia axis. By the year 2023, Russia's stake in Iraqi energy would have reached $19 billion. Furthermore, in March 2023, the Iraqi state-owned Dhi Qar Oil Company (DQOC) ratified the development plans for Block 10 reserves.