By Simon Kent.
There is growing speculation over a planned energy initiative between Iraq and China, with both Iraqi PM Haider al Abadi and oil minister Adel Abdul Mahdi travelling to China for "deep discussions" on the proposal.
According to The Wall Street Journal, Unipec, the trading branch of Chinese state refiner Sinopec, will be working with SOMO, the Iraqi State Oil Marketing Company.
Under the plan, Iraq will provide tankers taking oil to Chinese refineries while Unipec will finance the marketing scheme, and the two sides will cooperate from Singapore.
China already purchases around 22% of Iraqi oil, although SOMO and Sinopec have not commented on the details of the new plan.
(Source: The Wall Street Journal.)
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JT_Iraq_News 22nd December 2015 at 13:49 #
China, Iraq, Plan Historic Oil Cooperation: By Simon Kent. There is growing speculation over a planned energy ... https://t.co/v9Axp61wQ4
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iraqsolidarity 22nd December 2015 at 13:49 #
#IraqEconomy: China, Iraq, Plan Historic Oil Cooperation https://t.co/0hrRssOqr0
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dliraq 22nd December 2015 at 13:49 #
China, Iraq, Plan Historic Oil Cooperation: By Simon Kent. There is growing speculation over a planned energy ... https://t.co/lZ711Zh4aB
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DTNIraq 22nd December 2015 at 14:04 #
DTN Iraq: China, Iraq, Plan Historic Oil Cooperation: By Simon Kent. There is growing speculation over a plann... https://t.co/n45O0HuX2c
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MENewsFeed 22nd December 2015 at 14:04 #
China, Iraq, Plan Historic Oil Cooperation: By Simon Kent. There is growing speculation over a planned e... https://t.co/rg4QuKy28r #Iraq
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IraqDaily 23rd December 2015 at 06:15 #
#China, #Iraq, Plan Historic #oil Cooperation https://t.co/PJwBnp5QRY