Why US-Israel war with Iran is a boon to Iraq: Oil majors say it is ‘fantastic potential from a resource perspective’
Jake Spiering, a Chevron president of corporate business development, told the Chamber event that his company will be investing in a pipeline to avoid the Strait of Hormuz and create another export route out of Iraq. Such a pipeline could transport Iraqi oil to the west coast of Syria which is on the Mediterranean Sea.
UAE exit from OPEC signals desire for autonomy in an increasingly volatile oil industry
On a larger scale, Jumaa Mohammed, a politics professor at Iraq’s Tikrit University, argues that the OPEC has increasingly struggled to balance the differing production strategies of its members.
