Tag Archives | China

The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News

Iraq “finalizing” $2.5bn Chinese Military Deal

By John Lee. IHS Jane’s 360 reports that Iraq is close to finalising a $2.5-billion order for Chinese military equipment. Iraq’s Mawazin news agency, cited “well-informed sources” as saying the deal includes HQ-9 long-range air defence systems, derived from the Russian S-300PMU system. It may also include Type 99 tanks and other Chinese military equipment. […]

Iraq considers building Oil Refinery in Pakistan

By John Lee. According to a report from Radio Pakistan, Iraq wants to build an oil refinery at Pakistan’s Gwadar Port. Iraqi Ambassador Dr. Ali Yassin Mohammad Karim is said to have discussed the issue with Pakistan’s Minister for Ports and Shipping, Mir Hasil Khan Bizenjo, at a meeting in Islamabad on Wednesday. The development […]

Oil Minister, PetroChina discuss Gas Investment

By John Lee. Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has met with the Middle East head of PetroChina, Mr. Shaw Jian Vying, and his entourage. They discussed cooperation and development of the oil industry in Iraq. They also reviewed the new plans to raise the production and invest in gas at Halfaya oil field in […]

New Oil Bidding Round Postponed to Mid-2017

By John Lee. The Ministry of Oil is to postpone a bidding round for 12 small- and medium-sized oil fields, following criticism of the plans by experts including IBN Expert Blogger Ahmed Mousa Jiyad. In a statement, the Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) said: “Following to the previous Ministry of Oil Announcement dated […]

New Oil Development Opportunities in Iraq

By John Lee. Iraq’s Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]

Diwaniya New Refinery: Another Dubious Proposal?

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two recent statements from a non-oil producing province proposing a new oil refinery in the province, to be financed by private investor(s), were reported by local media. No reference was found to […]

Four More Wells Completed at Halfaya

By John Lee. The Missan Oil Company (MOC) has announced for the completion of four new wells at the Halfaya field in Maysan province. Adnan N. Sajit, the director general of the MOC, said that the Chinese companies Bohai and Daiken had completed the drilling at the field, which is being developed by Petrochina (CNPC). […]

Oil Firms to Restart Investment, Boost Output

By John Lee. Reuters reports that Baghdad has reached agreement with BP, Shell and Lukoil to restart stalled investment in Iraqi oil fields, allowing production to increase by 250,000-350,000 bpd in 2017. According to documents seen by Reuters, the three firms agreed to spend in the second half of 2016 roughly half the budgets they proposed […]

Five New Wells Completed at Halfaya

By John Lee. Iraq’s Ministry of Oil has announced the completion of five new oil wells at the Halfaya oil field. Mr. Adnan N. Sajit, the director general of the Maysan Oil Company (MOC), said the drilling was done by two Chinese companies contracted by Petrochina, the main operator of the field. Production at Halfaya […]

China Reaches $20bn Trade with Iraq

By John Lee. The Minister of Foreign Affairs, Dr Ibrahim Al-Jaafari, received a copy of the credentials of the new Chinese Ambassador to Iraq, Mr Chen Weiqing, at the ministry Headquarters.. “Last year, trade [between Iraq and China] reached $20 billion, and today Iraq represents the third largest partner in the Arab world,” Mr Chen […]

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