The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
By John Lee. Iraq's Midland [Middle] Oil Company (MdOC) has reportedly announced the discovery of a significant oil reserve in the East Baghdad field. The discovery was made in collaboration with EBS Petroleum, a body registered in Iraq to conduct petroleum operations on behalf of China's ZhenHua Oil, According to state-run Iraqi News Agency (INA), […]
By John Lee. The Iraqi Cabinet has approved funding to furnish 1,000 model schools under the Iraq-China Framework Agreement, ensuring the project's progress. Key funding decisions include: Regional Petrodollars: Funds from the petrodollar allocations of Basra, Maysan, Kirkuk, and Wasit will fully cover furnishing costs in these provinces. Additional funds for other provinces, totalling 113.92 […]
By John Lee. The Iraqi Cabinet has approved a high-efficiency waste-to-energy power plant project in Baghdad. The plant, employing advanced incineration technology, will be developed by China's Shanghai SUS Environment Co. Ltd. on a designated plot in Nahrawan District. The National Investment Commission (NIC) has been authorised to issue the investment license and sign the […]
By John Lee. The Iraqi Cabinet has approved the Ministry of Oil's proposal for the construction of the Basra-Haditha oil pipeline, with a capacity of 2.25 million barrels per day. Key decisions include: Contract Approval: Endorsed a 5.97225 trillion dinar [$4.5 billion] contract between Basra Oil Company (BOC) and State Company for Oil Projects (SCOP), […]
By John Lee. Qi, a leading player in Iraq's fintech sector, has reportedly unveiled its third-generation app, SuperQi, in collaboration with China's Ant International. According to a report in Gulf Business, SuperQi offers a comprehensive suite of services that include scan-to-pay, money transfers, bill payments, loans, mobile recharge and other payment solutions, enabled by by […]
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the construction of Phase One of the North Thermal Power Plant in Nineveh Province on Sunday, during his visit to the region. According to his office, this marks a significant milestone in Iraq's efforts to strengthen its power infrastructure and revive critical projects. Project Overview: Capacity: […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadhil, chaired a technical meeting with Harlow International and China's SEPCOIII Electric Power Construction Corporation [SEPCO3, Shandong Electric Power Construction No. 3], the developers and funders of the giant Al-Khairat Steam Power Plant project in Karbala Province. A Ministry statement said the plant, with a […]
By John Lee. China's Soueast Motor has marked its official entry into the Middle East with a brand launch event at Erbil's Rotana Hotel. Soueast, a brand name of South East (Fujian) Motor Co., Ltd., offers two new SUV models which it says are "tailored for Iraqi consumers." Partnering with regional distributor Harlem Group, Soueast […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has officially opened 790 model schools across Iraq via video conference, part of the 1,000-school project under the China-Iraq agreement. With modern designs, these schools aim to reduce overcrowding and eliminate triple-year classes. The remaining 210 schools are expected to be completed within two months. Contracts for […]
By Ameer Al-Auqaili, for The Diplomat. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Why Did Iraq Suspend a $10 Billion Deal With China? The decision to stall a massive oil-for-infrastructure agreement marks a turning point in Middle East power dynamics. The full article […]
By John Lee. Iraq's Ministry of Oil has announced the commencement of drilling the 100th well in the East Baghdad Field (Southern Zone). Operated by Midland Oil Company and EBS Petroleum, a body registered in Iraq to conduct the petroleum operations on behalf of China's ZhenHua Oil, this marks Iraq's first horizontally drilled well in […]
By John Lee. The Deputy Minister of Oil for Extraction, Mr. Bassem Mohammed Khudair, met with Mr. Fan Jianbang, CEO of the Chinese company Geo-Jade Petroleum, along with his accompanying delegation, on Sunday. Discussions focused on the development of the Naft Khana oil field in Diyala Province, operated by Geo-Jade on behalf of the Midland […]
