Aramco Eyes Major Opportunity In Iraq

Following the recent China-brokered resumption of relationship deal between historical enemies Saudi Arabia and Iran, a deal for the Kingdom to develop two key projects in Iran’s close ally Iraq is in the offing. The problem with this idea is that it is dependent on two highly unpredictable elements.

The first is the degree to which senior Iraq Oil Ministry officials are willing to put the interests of their country ahead of their own. The second is the U.S.’s on the whole thing. The deal – which was announced as definite and…