China Poised To Take Further Control Of Iraq’s Key Southern Oil Assets

China is over the halfway mark in completing its strategically vital oil project in the critical Iraqi energy hub of Nasiriyah, at the heart of the some of the country’s biggest oil and gas fields and close to its main export terminal of Al Fao in Basra. According to the Iraq Ministry of Planning, the China Petroleum Pipeline Engineering Company (CPPEC) is now over 55 percent complete on the construction of the country’s biggest crude oil storage facility, located in Nasiryah city in DhiQar province. This facility will act as a storage…