Again, one has to ask: how did America that fought two wars to liberate Kuwait and Iraq let this field "go to" China. I assume we were distracted by some weather balloons and/or more concerned about advancing social agendas in diplomatic and military circles than in safeguarding the country. But I digress. It is what it is.
But look at this: "China" is now the sole lead operator of a giant Iraqi oilfield estimated to hold 43 billion bbls of recoverable oil. That's recoverable oil, not oil-in-place.
For perspective, if that's possible, back in 2019, it was estimated that Saudi Arabia held upwards of 275 billion bbls of recoverable oil. Link here.
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