China Makes A Move On OPEC’s No.2

Following a political backlash in Iran over details of its plans to make Iran effectively a client state through various multi-layered oil and gas deals, China has switched its attention – for the time being at least – to Iran’s equally oil and gas-rich neighbor, Iraq. China has the advantage in Iraq that the northern part of the country – the semi-autonomous region of Kurdistan – is already under the control of its increasingly close ally, Russia, with its corporate proxy Rosneft having secured control over Kurdistan’s…