Home
Forbes Magazine: America seeks to control the Iraqi energy sector
Today 15:23
Information/translation..
A report by Forbes, the American magazine specializing in political and economic affairs, confirmed on Tuesday that the
United States is more keen on maintaining its presence in the Iraqi energy and oil sector than withdrawing its forces from the country. The report, translated by the Maalouma Agency, stated,
“The US government has begun to focus on bringing American companies to Iraq under the pretext of rebuilding the energy sector in an attempt to expel Chinese investors and reduce emissions from the country’s booming oil and gas production.” He added,
"According to Assistant Secretary of State for Energy Resources Jeffrey Bayan,
everyone is aware of the assets represented by Iraq, as the
second largest proven reserves in OPEC, as it
possesses 145 billion barrels of proven oil reserves, which is
equivalent to about 100 years of supply at the current rate of production." According to the World Bank. He admitted,
"We have spent two decades in Iraq with American blood and treasure, and
we should not leave that," adding that
"the development of the energy system in Iraq also constitutes an opportunity to seize China's position in the region." Jeffrey Pyatt continued,
"The Sudanese is serious about trying to attract Western investments to the sector, and
when I was there in May, there was a real feeling of sadness that the fifth and sixth bidding rounds went entirely to small Chinese bidders in particular, and that
there was a scarcity of major Western companies coming in.". The report indicated that
“after Al-Sudani’s visit to Washington last April, Bayat visited Baghdad, Jordan and Saudi Arabia, which led to the triggering of a series of memorandums of understanding, meetings and cooperation,” stressing that
“in addition to the Export-Import Bank, the American International Development Finance Corporation is also investing in Iraq.”
An official at the Development Finance Corporation said that active investment in the energy sector in Iraq amounts to $299 million. According to him. Ended/25 D
https://almaalomah.me/news/78995/translated/مجلة-فوربس:-أمريكا-تسعى-للسيطرة-على-قطاع-الطاقة-العراقي
Today 15:23
Information/translation..
A report by Forbes, the American magazine specializing in political and economic affairs, confirmed on Tuesday that the
United States is more keen on maintaining its presence in the Iraqi energy and oil sector than withdrawing its forces from the country. The report, translated by the Maalouma Agency, stated,
“The US government has begun to focus on bringing American companies to Iraq under the pretext of rebuilding the energy sector in an attempt to expel Chinese investors and reduce emissions from the country’s booming oil and gas production.” He added,
"According to Assistant Secretary of State for Energy Resources Jeffrey Bayan,
everyone is aware of the assets represented by Iraq, as the
second largest proven reserves in OPEC, as it
possesses 145 billion barrels of proven oil reserves, which is
equivalent to about 100 years of supply at the current rate of production." According to the World Bank. He admitted,
"We have spent two decades in Iraq with American blood and treasure, and
we should not leave that," adding that
"the development of the energy system in Iraq also constitutes an opportunity to seize China's position in the region." Jeffrey Pyatt continued,
"The Sudanese is serious about trying to attract Western investments to the sector, and
when I was there in May, there was a real feeling of sadness that the fifth and sixth bidding rounds went entirely to small Chinese bidders in particular, and that
there was a scarcity of major Western companies coming in.". The report indicated that
“after Al-Sudani’s visit to Washington last April, Bayat visited Baghdad, Jordan and Saudi Arabia, which led to the triggering of a series of memorandums of understanding, meetings and cooperation,” stressing that
“in addition to the Export-Import Bank, the American International Development Finance Corporation is also investing in Iraq.”
An official at the Development Finance Corporation said that active investment in the energy sector in Iraq amounts to $299 million. According to him. Ended/25 D
https://almaalomah.me/news/78995/translated/مجلة-فوربس:-أمريكا-تسعى-للسيطرة-على-قطاع-الطاقة-العراقي
