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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    "Lukoil displaces Inpex"... Has Russia expanded the level of energy and oil in Iraq?

    Rocky
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    "Lukoil displaces Inpex"... Has Russia expanded the level of energy and oil in Iraq? Empty "Lukoil displaces Inpex"... Has Russia expanded the level of energy and oil in Iraq?

    Post by Rocky Wed 06 Dec 2023, 7:09 am

    "Lukoil displaces Inpex"... Has Russia expanded the level of energy and oil in Iraq?
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    Baghdad today - Baghdad 
    Today, Wednesday (December 6, 2023), oil expert Haider Al-Battat revealed the fact that there is Russia’s expansion in Iraq at the level of energy and oil, while explaining the impact of Lukoil’s acquisition of the share of the Japanese company Inpex.
    Al-Battat told “Baghdad Today” that, “There is no Russian expansion in Iraq at the level of energy and oil, and Chinese companies are still the largest owners of these projects for many reasons, the most important of which is the labor license, as most contracts are with Chinese companies.”
    He stated that “the Russian company Lukoil’s acquisition of the Japanese company Inpex’s share in the Eridu field does not mean that there is a Russian expansion in Iraq, but rather this is a normal part of the work of these companies, and the Russian company Lukoil obtained this contract because it works in Iraq and its equipment is present.” Within Iraq, this is why when they offer a lower price than the rest of the companies, the contract is assigned to them, and this has nothing to do with the issue of Russian expansion.”
    Yesterday, Tuesday (December 5, 2023), the Asian newspaper Erosia Times described the Russian company Lukoil’s acquisition of the Japanese company Inpex’s share in the Eridu field as “complete Russian control” over the most important current reserve fields in Iraq. 
    The newspaper said, according to what “Baghdad Today” translated, that the Iraqi Oil Ministry agreed to buy the Russian company Lukoil 40% of the available share in the Eridu fields, “which are vast and rich in oil reserves,” stressing, “Russia succeeded in expelling Japan from Iraq, declaring a massive transformation.” In the dynamics of the world energy market. 
    She continued, "Russian Lukoil's displacement of the Japanese competitor now means its complete control over the oil-rich region," referring to the Iraqi market, explaining, "The current contract that granted the Russian Lukoil company 100% control over oil extraction will give it the ability to invest in the Eredo oil field, which reaches... Its reserves reach about 12.9 billion barrels, for many years to come.” 
    The Oil Price Network, concerned with oil affairs, in turn confirmed that the current “dynamic” changes in the oil market and Japan’s exit fall within the goals of Beijing and Moscow to keep the West away from controlling energy deals in Iraq and keep Baghdad close to the Iranian-Saudi axis, according to its description. 
    At the end of its report, the network warned of the loss of the West, especially the United States, of its role in the Iraqi energy market in particular and the region in general, stressing that Moscow has “succeeded” for some time in expanding its investments in the Middle East with the aim of reducing the influence of the United States and Western countries in the region, according to its description, noting. The recent acquisition represents a “vital” step to implement the Russian goal of weakening American control over the oil market.
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