Tag Archives | China

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

China’s Zhongman wins $27m Iraqi Drilling Contract

By John Lee. China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly announced a new drilling contract with Weatherford in Southern Iraq. Chinese media reports that the deal is worth approximately $27 million, and follows another contract with Weatherford in Iraq agreed in December. The oil field was not identified. (Source: Eastmoney)

First Master’s Degree on China’s Belt and Road Initiative

By John Lee. An Iraqi researcher has reportedly obtained the first master’s degree in Iraq on the China-proposed Belt and Road Initiative (BRI) [One Belt One Road], by virtue of a thesis titled “Geo-strategic Importance of the Silk Road and its Impacts on the Future of Iraq“. Khalaf Ayyash Ahmed told Xinhua: “The importance of […]

HQTS Awarded Iraq Quality Certificate

China-based HQTS has been awarded a Conformity Certification (COC) certificate by the Government of Iraq to conduct quality assurance services on imported goods to the country. Iraq’s Minister of Planning, Dr. Nouri Sabah al-Dulaimi, announced yesterday that HQTS was one of the just four successful bids and the only Chinese company selected out of 19 […]

China Wins $121m West Qurna-1 Contract

By John Lee. China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $121-million contract to upgrade gas capture facilities at West Qurna-1 oilfield. According to Reuters, the project is due to be completed within 27 months. (Source: Reuters)

Iraq, China launch ‘Oil for Reconstruction’ agreement

By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an “oil for reconstruction” and investment program. Under the arrangement, Chinese firms work in Iraq in […]

China’s CITIC may Finance Iraqi Projects

By John Lee. The Iraqi Minister of Finance has met with China’s state-owned investment company CITIC Bank to discuss the financing of projects in Iraq. Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister. The projects are said to include rail […]

CMEC to Expand in Iraqi Electricity Sector?

By John Lee. During their recent visit to China, the Deputy Prime Minister for Economic Affairs, accompanied by the Ministers of Transport and Electricity visited the China Machinery Engineering Corporation (CMEC), which specializes in transport, energy, communications and heavy engineering equipment. The company is already involved in the reconstruction of Salah al-Din power station and […]

Iraq to join China’s Belt and Road Initiative

By John Lee. Prime Minister Adel Abdel Mahdi has reportedly said that Iraq will join China’s “Belt and Road” [One Belt One Road] initiative. According to AFP, he made the announcement in a meeting with Chinese President Xi Jinping during a state visit to the country. President Xi said that China would like “to push […]

Iraq “Expels Taiwanese Business Delegation”

By John Lee. Iraq has reportedly expelled a visiting Taiwanese business delegation from the country. According to Focus Taiwan, the Taiwan External Trade Development Council (TAITRA) was abruptly notified that the delegation’s visas had been canceled a few days after its members had arrived in the country. The delegation was scheduled to visit Baghdad and […]

PM visits China as Business Relationship Strengthens

By John Lee. Prime Minister Adil Abd Al-Mahdi arrived on Thursday morning in the Chinese city of Hebei to participate in the World Conference on Industrialization. The visit follows the granting of two major contracts in Iraq to Chinese companies in recent weeks: China Construction Third Engineering Bureau will reportedly implement civil engineering projects and […]

New Drilling Contracts Awarded at Majnoon

By John Lee. Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. China’s Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 million, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 […]