Iraq Crisis Threatens Chinese Oil Investments

Trucks lining up at a busy oil refinery near Erbil, in Kurdish-controlled Iraq Photograph by Onur Coban/Anadolu Agency/Getty Images

As the situation in Iraq worsens, China is showing increasing consternation. And while authorities have mainly issued broad statements of concern, it’s no secret what worries those in charge in Beijing: the risks the crisis could pose to its Iraqi-sourced oil supply and China’s three petro-majors, all active in the country.

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