Iran’s Assets in Iraq’s Oil and Shipping Industry: State Oil Marketing Organization (SOMO) and AFAQ, a Private Iraqi Cartel

The State Oil Marketing Organization (SOMO), Iraq’s national company charged with the exclusive authority to supervise the trade, sale, and export of the country’s oil is central to Iran’s exploitation of the Iraqi economy

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Iran’s Exploitation of the Central Bank of Iraq and Banking Sector

Through powerful Iraqi Shi’a militias, political allies, and a web of business networks, Iran has long utilized the Iraqi banking sector as a main artery for its economic activity in Iraq.

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The Pied Piper of Germany drowns Europe in the Persian Gulf

The German Major league of conglomerates is well represented in Iran and it stands to reason, that they are the ones to call the shots. No wonder that the Wirtschaftswunder, led by companies like Siemens, Krupp and BASF, will want to

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Are Greek tankers delivering Venezuelan oil products controlled by Iran to the U.S., Europe and the Far east?

According to the National review (12 October), Iran and Venezuela are circumventing American energy sanctions. The article emphasizes that in July 2020, Iran took control over the El Palito refinery from Venezuelan government as payment for the Iranian oil delivered to Venezuela in recent months.

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