Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms are not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields … Read more

UAE’s newly elected ruler sees Iran, Islamists as a threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

A rival sits out Lebanon’s election. Now Hezbollah could fill the void

Saad al-Hariri, former PM, withdraws from politics His move leaves Lebanon’s Sunni vote fragmented Many people expected not to vote amid economic meltdown That could play into Iran-backed Hezbollah’s hands TRIPOLI, Lebanon, May 9 (Reuters) – The stakes are high in Lebanon’s election. The heavily armed Hezbollah movement has seen one of its main rivals … Read more