The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
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 […]
By John Lee. Iraq's Council of Ministers has approved a direct contract with the Chinese company SANY to purchase 18 specialized firefighting vehicles. It also decided to exempt this contract from standard government contracting instructions and Decision No. 68 of 2016, as amended. (Source: PMO)
By John Lee. The Iraqi Ministry of Oil has signed a contract to develop the Mansuriya gas field in Diyala province. The contract, awarded to a consortium of China's Jereh (represented by Mr. Li Weibin, the managing director of Jera), and Petro Iraq, aims to increase gas production by 300 million cubic feet per day. […]
By John Lee. The China National Offshore Oil Corporation (CNOOC) has announced that its wholly owned subsidiary, CNOOC Africa Holding Ltd., has entered into the Exploration, Development & Production Contract (EDPC) with Iraq's state-owned Midland Oil Company for Block 7. It says the block is mainly located in Diwaniyah governorate, and covers an area of […]
By Yerevan Saeed and Sardar Aziz for the Arab Gulf States Institute in Washington (AGSIW). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China's Rise in Iraq's Energy Sector: From Newcomer to Dominant Player While Iraqi leaders consistently emphasize the importance of Western investment […]
By John Lee. Cloud infrastructure and edge computing services company EdgeNext has announced a strategic partnership with Commercis, a UK-based connectivity, cybersecurity, and innovative IT solutions provider. According to a press release, this collaboration will enable the expansion of EdgeNext's cloud delivery services throughout Iraq, "bringing transformative improvements to the country's digital landscape." It continues: […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, chaired a technical meeting with Chinese company Huawei to discuss the proposal for a fast-installation solar power plant with a capacity of 100 MW in Karbala. The project is intended to be completed within six months and operational by summer 2025 to help meet […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling two oil wells, one in the East Baghdad South field and another in the Bazargan South field (part of the Maysan fields). Deputy General Manager Kazem Habash Khalif stated that the company continues to implement its ambitious plans using advanced drilling techniques while […]
