The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq-China trade volume tops $48bn in 2022 The trade volume between Iraq and China exceeded $48 billion in 2022, as the two countries are trying to cement commercial ties in all sectors. The remarks […]
By John Lee. Ministry's Deputy for Transport and Distribution Meets Shanghai Corporation, Highlights Successful Collaboration and Government Programs The Deputy Minister for Transport and Distribution, Nizar Qahtan Al-Tamimi, representating Minister of Electricity Ziad Ali Fadel, led a meeting this week with Shanghai Electric. The meeting aimed to further strengthen strategic partnerships, aligning with government programs […]
By John Lee. The Iraqi Ministry of Oil has announced the delivery of a new oil tanker named "Sumer." The Director-General of the Iraqi Oil Tankers Company (IOTC) emphasized the ministry's commitment to expanding the national fleet through new contracts with global specialized firms. Mr. Ali Qais said the technical team and the designated committee […]
By John Lee. A subsidiary of China National Petroleum Corp (CNPC) has reportedly won an engineering, procurement and construction contract worth $194 million to drill wells at Iraq's Rumaila oilfield. According to Channel News Asia, the contract was awarded to Daqing Drilling Engineering Company, which has been active at the field since 2010. More here. […]
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. Iraq Unwilling To Resume Crude Exports From Kurdistan To Turkey It is easy to lose sight of the wood for the trees sometimes in the complex world of global oil. […]
By John Lee. China's Zhongman Petroleum and Natural Gas Group Corporation (ZPEC) has signed a major drilling engineering service contract for Iraq's giant Rumaila oilfield. The contract was signed on Sunday with the Basra Energy Company Limited (BECL), which was set up in 2021 to operate the field, and announced to the markets on Wednesday. […]
By John Lee. Sama Samawa Industries has announced plans to build a cement factory in Muthanna Governorate, southern Iraq. According to Shafaq News Agency, the factory aims to produce various types of cement, with a daily production capacity of 7,000 tons and an annual output of two million tons. Sinoma International Engineering, a Chinese company […]
By Sardar Aziz for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How China dominated Iraq's solar energy market As Iraq continues to struggle to provide electricity to its people, cheap Chinese technology is helping the country, as well as the […]
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. China Deepens Influence In Iraq With Oil-For-Infrastructure Deals A series of meetings occurred last week between senior members of the Iraqi and Chinese governments aimed at broadening and deepening the […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully conducted the first coring operation in the Southern part of the East Baghdad Field, specifically in the Hartha Formation. EBS Petroleum, the Chinese field operator, reported that through the detailed analysis of the oil and gas evidence from the core samples, achieving a 100% success […]
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. Three New China-Russia-Iran and Iraq Agreements Confirm The New Oil Market Order The last week or so has seen a flurry of major cooperation agreements - including in energy, security, […]
By John Lee. Malaysia's Pestech International, through its joint venture with China Energy Engineering Group Tianjin Electric Power Construction Co Ltd (TEPC), has won a contract is for the completion of the Electricity Sector Reconstruction Project Phase (III), Lot 1-Construction, comprising of four 132-kilovolt Gas Insulated Switchgear (GIS) substations in Baghdad. The contract value is […]
