"Russia will proceed with executing electricity contracts in Iraq. The RF Energy Minister Sergei Shmatkov and Iraq’s Minister of Electricity Karim Wahid Hasan deliberated on potential cooperation yesterday. The first project could be rebuilding the Harta Thermal Plant by Tekhnopromexport. Russia’s chances to benefit from over $10 billion that Iraq intends to inject into its electricity facilities appear rather solid now."
With Russia controlling 50% of natural gas into Europe (which has severally limited their ability to speak out against Russia an anything, much less to oppose Russia). Russia is in control of Georgia's oil pipeline, the only such line that brings oil into the Western European, Israeli or US markets that does not go through Russia already. Now, for Russia to have its hands in Iraq's electricity plants (a major stake into any modern nation--all of which run off electricity) would give Russia an advantage over them too. Not to mention their oil. Those oil rigs run off electricity too you know? This is a power move, as well as an economical for Russia.
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