Iraq and China Strengthen Ties With Major Development Initiative

A series of high-level meetings took place last week between senior Iraqi and Chinese officials to finalize the details of the next phase of their wide-ranging cooperation plan. The foundations for this were laid in the 2019 ‘Oil for Reconstruction and Investment’ agreement, which was subsequently expanded into the 2021 ‘Iraq-China Framework Agreement’, as analyzed in full in my new book on the new global oil market order. These, in turn, were based on the broad and deep expansion of relations between…