The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
By John Lee. The General Company for Cars and Machinery Trade, an affiliate of Iraq's Ministry of Trade, has signed a partnership agreement with Laith Al-Obaidi Company for General Trade and Commercial Agencies to market Chinese Forthing vehicles in Iraq. According to the Ministry of Trade, the agreement covers the marketing of Forthing models across […]
By John Lee. A Chinese cargo vessel has docked at Umm Qasr North Port on the first direct sailing from China via the Strait of Hormuz since the resumption of maritime navigation through the strait. According to the Ministry of Transport, the MV KSL Xinyang arrived on Monday carrying a mixed cargo of oil sector […]
By Yasir Kuoti, for the Yale Journal of International Affairs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. China in Iraq after the War: From Underdog to Unassailable Under President Xi Jinping, China has considerably expanded its footprint across the Middle East, transforming from […]
By John Lee. A new hydrocarbon discovery has been made at the Qurnain exploration block in southwest Iraq, marking the first oil find at any block awarded under the fifth supplementary and sixth licensing rounds. The discovery was confirmed following the drilling of exploratory well Shams-11, which began on 10th January 2026. A potential hydrocarbon […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Three Car Manufacturing Plants to Be Established in Kurdistan Region The Kurdistan Regional Government (KRG) is moving forward with plans to establish three automobile manufacturing projects in the region, in partnership with Chinese companies, […]
By John Lee. Iraq's trade surplus with China narrowed sharply in 2025, as imports from China rose while oil export revenues declined, according to data published by the Ministry of Trade. The figures, compiled by the ministry's Directorate of External Economic Relations, show that Iraqi imports from China rose by 7.5 percent to approximately $17.02 […]
By John Lee. The Iraqi Oil Exploration Company has completed a 2D seismic survey at the Qarnain block in Najaf province, finishing 31 days ahead of the scheduled timeline. The survey covered 2,850 kilometres and recorded 47,500 energy points, achieving a completion rate of 108 per cent. Work began on 10 October 2025 and concluded […]
By John Lee. Iraq has formed a special committee to oversee the Basra-Haditha multi-directional oil pipeline project, following a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani. The committee will be headed by the Under-Secretary of the Ministry of Oil and will include relevant advisers to the Prime Minister as well as directors-general from the […]
By John Lee. A contract has been signed to drill 17 horizontal wells in the East Baghdad South oil field, as part of ongoing development efforts in Iraq's central region. The agreement was concluded between Iraqi Drilling Company (IDC) and Chinese firm EBS Petroleum [Zhenhua Oil], in the presence of Midland Oil Company Director General Mohammed […]
By John Lee. Iran has reportedly begun charging up to $2 million per ship for safe passage through the Strait of Hormuz. The payments, according to the report from Deutsche Welle, would be a breach of international maritime law. This follows a recent statement from Iran's Ministry of Foreign Affairs, denying that the Strait is […]
By John Lee. The Iraq Oil Exploration Company has completed a two-dimensional seismic survey programme for the Al-Qurnain exploration project in Najaf province, aimed at expanding Iraq's geological database and supporting future oil and gas discoveries. The project forms part of efforts by the Ministry of Oil to strengthen hydrocarbon exploration activities and increase the […]
By John Lee. The Central Bank of Iraq (CBI) has announced completion of the principal phase of its comprehensive reform programme for commercial, Islamic and foreign bank branches operating in Iraq. According to the Bank, all Iraqi banks have submitted the required documentation under the "minimum requirements" framework, selecting one of three pathways: Continuing in […]
