Tag Archives | China

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

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Chinese Plans for Bateera Airport

The local government is studying a project put forward by CNPC, Total and Petronas, which invest in al-Halfaya oil field, to turn al-Bateera military airport into a civil one,” the head of the investment commission in the Missan provincial council, Muhsin al-Bakhati said.

China Now Largest Oil and Gas Investor in Iraq

China has become the biggest single investor in Iraq's oil and gas sector, with nearly one fifth of the reserves that have been auctioned over the past year under its control, Meed has reported. China is spending a total of $577m in signing on fees to give it access to an estimated 24 billion barrels, […]

Iraq Welcomes Chinese

Iraq is keen to see China play a bigger role in the reconstruction of the war-torn country, the country's top envoy to Beijing has said. "After 2003, China has supported us very much and reduced Iraqi debts by 80 percent, which is greatly appreciated," Iraqi Ambassador Mohammad Sabir Ismail told China Daily in an interview […]

Work to Start in Halfaya

China National Petroleum Company (CNPC) will start work on the Iraqi Halfaya project in the second half of this year, Jiang Jiemin, the chairman of CNPC's subsidiary PetroChina (0857.HK), said on Friday. Jiang also said it would take a fairly long time to finalize the purchase agreement for a deal to buy 2 million tones […]

Lawmaker Urges China to Write off Iraq’s Debts

An Iraqi lawmaker on Monday called on China to cancel the debts owed by Iraq to it and to contribute to investment projects in the country. “China has been delaying the cancellation of Iraqi debts until the departure of the United States from the country…,” MP Sami al-Atroushi from the Kurdistan Islamic Union told Aswat […]