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 Huawei has organised a technical seminar at the Ministry of Electricity's headquarters, focused on digital transformation, the future of energy, and programs for protecting electrical systems. The seminar was attended by the Director-General of the Technical Department, along with several specialists and advanced engineering and technical staff. The participants provided a […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhebess Al-Saadi, welcomed the Ambassador of the People's Republic of China, Mr. Tsui Wei, at the ministry's headquarters to discuss cooperation between the two countries. The minister expressed the desire to enhance the partnership with China, which he described as "a friendly country to Iraq both in […]
By John Lee. In a meeting with the Chinese Ambassador to Iraq, Tsui Wei, and the economic trade advisor Shu Chun, Iraq's Acting Parliament Speaker, Mohsen Al-Mandalawi, discussed bilateral relations and ways to enhance cooperation across various sectors. Al-Mandalawi expressed full parliamentary support for facilitating the operations of reputable Chinese companies within Iraq. He called […]
By John Lee. Under the patronage of Oil Minister Hayyan Abdul Ghani, Basra Oil Company (BOC) organized a ceremony for the handover of the main operator role for the West Qurna 1 oilfield. The event, attended by the Ministry's Deputy for Extraction Affairs Basim Mohammed Khudair, marked the transfer of management responsibilities to China's PetroChina, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Al-Jawahiri Residential City project in Abu Ghraib, west of Baghdad. The project is one of the five new cities unveiled as part of the government's strategy to tackle the housing crisis and alleviate congestion in major urban centers. According to […]
By John Lee. The President of Iraq's Communications and Media Commission (CMC), Dr. Ali Al-Mouyad, has signed a memorandum of cooperation with Chinese company Huawei in the field of cybersecurity and capacity building. According to a statement from CMC, the agreement aims to foster collaboration, mutual innovation, knowledge exchange, and training development in cybersecurity for […]
By John Lee. The Deputy Ambassador at the Chinese embassy in Baghdad, Xu Haifeng, told the state-run Iraqi News Agency (INA) that trade exchange between the two countries is increasing at a rapid pace: Trade Volume and Increase: Chinese embassy disclosed trade data with Iraq, highlighting a year-on-year increase in purchases by approximately 48%. Trade […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani met with Zhang Jiming, the CEO of China's Changxin Company [Shanxi Changxin?], and accompanying delegation. The Prime Minister highlighted Iraq's abundant investment opportunities during the meeting, expressing the government's commitment to providing necessary facilitations for major international companies. Shang Xin Corporation, a prominent Chinese company with global […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Russia Takes Control of Iraq's Biggest Oil Discovery for 20 Years The Eridu field - part of Iraq's Block 10 exploration and development region - is the biggest oil find […]
By John Lee. Iraq and China have set the Iraq-China Business Council, with a view to increasing trade and investment between the two countries. With trade valued at around $53 billion in 2022, according to a statement from Iraq's Ministry of Trade, China is Iraq's largest trading partner. Full statement from the Ministry of Trade: […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of two oil wells in the Zubair and Fakka [Jabal Fauqi] oil fields. The ZB-608 oil well in the Zubair oil field reached a depth of 3,598 meters using the 1,500-horsepower IDC 38 drilling rig. This is part of the contract with […]
By John Lee. According to a statement from the KRG, on the third day of the 5th International Trade Fair for Industry and Construction in Erbil, business opportunities are flourishing. It says a total of 210 companies, from 10 different countries, are actively participating in the fair, with 38 of them being Kurdish and Iraqi […]
