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Iraq revives oil-for-projects deal with China

Summary by AGBI
Crude supplies to 150,000 bpd US angry about agreement Upswing in infrastructure projects Iraq appears to be resurrecting a landmark oil-for-projects agreement it signed with China six years ago following US pressure to put the pact on hold. Iraqi experts disclosed that Baghdad has just increased crude supplies specified in the 2019 agreement from 100,000 barrels per day to 150,000 bpd for about ID2.6 trillion ($2 billion). Under the agreement, …
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AGBI broke the news in on Friday, August 1, 2025.
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