Tag Archives | China

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

Chinese Company wins $445m Construction Order

By John Lee. Chinese engineering company Norinco International has reportedly signed a contract with Jabal Bazian Co for General Trading [Jabal Jaber Bazian Company for General Trading] for the construction of a new cement plant in Iraq. The $445-million contract covers the plant’s production line design, purchasing, construction management, operational work as well as  administration […]

MAN supplies Engines to Iraq

Germany’s MAN Diesel & Turbo has delivered six MAN 18V32/40 engines, including gensets and mechanical equipment, to its customer CGGC-UN Power Co Ltd. (China Gezhouba Group Cooperation) in Samawah, Iraq. CGGC is taking on the role of EPC contractor (engineering, procurement, construction) in the building of a 50 MW captive power plant for a cement […]

LUKOIL completes 3D Seismic Survey at West Qurna-2

Russia’s LUKOIL has reported that it has completed a field 3D seismic survey at West Qurna-2 field. The survey covered an area of about 450 square kilometers. The Company has fulfilled all of its contractual obligations to the Ministry of Oil of Iraq. The high-quality seismic data obtained are required for the updating of the […]

Back to the Future: The Restoration of Iraq, and British Expertise

By Ashley Goodall. Back to the future.  The restoration of Iraq and British expertise. Iraq has been in the news for a generation and our perceptions have been coloured by conflict and the near destruction of the Middle East’s most wealthy and civilised country. In the 1970’s Iraq was not only a secular and relatively […]

Anton Oilfield Services Completes First Iraq Well

China’a Anton Oilfield Services (Antonoil) has announced that the Group’s general workover and well completion project in Southern Iraq market was successfully started with the first well being completed on Tuesday. Acquiring in the third quarter of 2015 with an amount of approximately US$140.0 million and a contract duration of 3 years, the project commenced […]

Rosneft Starts Drilling at Block 12

Russia’s Rosneft group has started drilling its first exploration well at Block 12 in Iraq. The Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine target horizon to be followed by further testing of five prospective targets. The Company plans to complete drilling in July 2017. Company of Rosneft […]

Sinopec considers Bid for GKP

By John Lee. Bloomberg reports that Sinopec — the state-owned China Petroleum & Chemical Corporation — is considering a takeover of the recently restructured Gulf Keystone Petroleum (GKP). The news agency cites un-named sources as saying that the world’s biggest refiner is working with advisers and has made an approach to the company, which was […]

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 […]