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Goodbye Iran, Hello Iraq: Japan's and China's Oil Prospects in the Balance

Published online by Cambridge University Press:  07 May 2025

Hisane Masaki
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Fresh from a serious setback in Iran, where it lost its controlling stake in the huge Azadegan oilfield, Japan has launched diplomatic efforts in earnest to secure petroleum in neighboring Iraq.

Recently, Tokyo invited Iraqi Oil Minister Hussain al-Shahristani to Japan and they issued a joint communique pledging Japanese assistance for improvements to the oil and gas infrastructure in the war-torn country. Japan specifically pledged loans of about 20 billion yen (US$170 million) to Iraq as part of the $3.5 billion aid package already committed.

Type
Research Article
Information
Asia-Pacific Journal , Volume 4 , Issue 11 , November 2006 , e14
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Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
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Copyright © The Authors 2006