U.S. Says It Won’t ‘Take’ Iraq’s Oil As Russia Expands Influence

Oil Engineer

 

Less than a day after U.S. Defense Secretary James Mattis contradicted Trump’s oft-repeated maxim that we should have taken Iraq’s oil, Russia has moved to expand its footprint in the region with a new oil deal in Iraqi Kurdistan.

Russian state-owned Rosneft PJSC has announced that not only will it purchase Kurdish crude until 2019, but it is also studying exploration and production opportunities there. The deal was announced at the same time that Russia moved to expand its footprint in Libya in a second deal designed to gain more control in the Middle East. Continue reading