Tag Archives | China

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

Coronavirus: US could Lose Kurdistan to China

By Yerevan Saeed for Al Jazeera. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Coronavirus could cause US to lose Iraqi Kurdish region to China Since the start of the COVID-19 crisis, China has been working to expand its influence over the KRG […]

Oil Minister meets with Chinese and Russian IOCs

By John Lee. The director of the China National Offshore Oil Corporation (CNOOC) has presented his company's plans for the development of the Bazergan [Buzurgan] oil field in Maysan to Iraq's Oil Minister Ihsan Abdul-Jabbar. In a separate meeting on Wednesday, the Minister also received the CEO of Lukoil in Iraq, Igor Zubarev, who gave […]

Local Businesses get Boost from Iraq Lockdown

By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]

Kadhimi Welcomes Chinese Investment in Iraq

By John Lee. His Excellency Prime Minister Mustafa Al-Kadhimi received Chinese Ambassador to Baghdad Zhang Tao congratulated His Excellency the Premier Al-Kadhimi for swearing-in as Prime Minister, and extended the Chinese Premier greetings, reaffirmed china aspiration to strengthen the relationship with Iraq. Ambassador Zhang Tao underscored China support to Iraq in the international affairs, in […]

GB Auto to Distribute MG Cars in Iraq

By John Lee. Egypt-based GB Auto (Ghabbour Group) has been appointed as the distributor of the Chinese-owned MG car brand in Iraq. According to Trade Arabia, the new partnership will see six MG showrooms opened across the country, in Erbil, Baghdad (on 62 St and at Baghdad Mall), Duhok, Sulaymaniyah and Basrah. Operations are expected […]

Recon Wins Contract at Garraf Oilfield

China's Recon Technology has announced that it has signed a $2.8-million engineering and construction service subcontract with Grand Energy Development Limited on a heavy oil transportation system project (the "Project") at the Garraf oilfield in Iraq for the services that Recon has provided. Pursuant to the subcontract, Recon shall carry out all the engineering design […]

Medical Aid Arrives in Baghdad from China

By John Lee. A third batch of medical aid from China arrived on Monday in Baghdad. It includes medical protective equipment such as protective clothing, masks and gloves. (Sources: Ministry for Health, CGTN)

Rockets strike near Chinese oil site in Iraq

By John Lee. Two rockets have reportedly struck near a Chinese oil facility south of Baghdad on Saturday. According to AP, there were no casualties. It cites an Iraqi army statement saying the rockets struck near a Chinese company in the Nahrawan area, and speculates that the company involved is ZhenHua, a subsidiary of the arms […]

China acquires Stake in Umm Qasr Terminal

By John Lee. French container transportation and shipping company CMA CGM, has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link. Among the facilities involved is the Umm Qasr Terminal in Iraq. The Terminal Link joint venture was created […]

CPECC wins $204m Contract at Majnoon

By John Lee. The China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $203.5 million engineering contract to treat sour gas at the Majnoon oilfield in Iraq. According to Reuters, the field is now producing around 240,000 barrels per day (bpd), with plans to boost output to 450,000 bpd in 2021. Originally awarded […]

Anton Oilfield Services Targets Expansion in Iraq

By John Lee. China's Anton Oilfield Services (AntonOil) has reported that the Group has received written confirmation from its Iraqi customer in advance that it will automatically renew the 2-year contract after its expiry on July 1, 2020 for one year. In its unaudited interim results for the one year ended 31 December 2019, it […]

Outgoing Government silent on China Pact

By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Iraq's outgoing government keeps mum on China pact Iraq's pro-government Shiite blocs are alleging an economic agreement signed between outgoing Prime Minister Adel Abdul Mahdi and China in September […]