Analysis-China's independent oil firms elbow into Iraq's majors-dominated market

Analysis-China’s independent oil firms elbow into Iraq’s majors-dominated market

By Chen Aizhu and Ahmed Rasheed SINGAPORE/BAGHDAD (Reuters) -China’s independent oil companies are ramping up operations in Iraq, investing billions of dollars in OPEC’s number two producer even as some global majors have scaled back from a market dominated by Beijing’s big state-run firms. Drawn by more lucrative contract arrangements, smaller Chinese producers are on…

Read More