The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
By John Lee. Two rockets have reportedly struck near a Chinese oil facility south of Baghdad on Saturday. According to AP, there were no casualties. It cites an Iraqi army statement saying the rockets struck near a Chinese company in the Nahrawan area, and speculates that the company involved is ZhenHua, a subsidiary of the arms […]
By John Lee. French container transportation and shipping company CMA CGM, has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link. Among the facilities involved is the Umm Qasr Terminal in Iraq. The Terminal Link joint venture was created […]
By John Lee. The China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $203.5 million engineering contract to treat sour gas at the Majnoon oilfield in Iraq. According to Reuters, the field is now producing around 240,000 barrels per day (bpd), with plans to boost output to 450,000 bpd in 2021. Originally awarded […]
By John Lee. China's Anton Oilfield Services (AntonOil) has reported that the Group has received written confirmation from its Iraqi customer in advance that it will automatically renew the 2-year contract after its expiry on July 1, 2020 for one year. In its unaudited interim results for the one year ended 31 December 2019, it […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's outgoing government keeps mum on China pact Iraq's pro-government Shiite blocs are alleging an economic agreement signed between outgoing Prime Minister Adel Abdul Mahdi and China in September […]
By John Lee. Following the spread of coronavirus in China, the Iraqi government has provided a special Iraqi Airways airplane with medical staff to evacuate students and the community residing in Wuhan, China, to Baghdad. Foreign Minister Alhakim has directed the Embassy of the Republic of Iraq to China to form an operations room headed […]
By John Lee. China’s Zhongman Petroleum and Natural Gas Group Corp., Ltd. (ZPEC) has reportedly announced a new drilling contract with Weatherford in Southern Iraq. Chinese media reports that the deal is worth approximately $27 million, and follows another contract with Weatherford in Iraq agreed in December. The oil field was not identified. (Source: Eastmoney)
China-based HQTS has been awarded a Conformity Certification (COC) certificate by the Government of Iraq to conduct quality assurance services on imported goods to the country. Iraq’s Minister of Planning, Dr. Nouri Sabah al-Dulaimi, announced yesterday that HQTS was one of the just four successful bids and the only Chinese company selected out of 19 […]
By John Lee. China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $121-million contract to upgrade gas capture facilities at West Qurna-1 oilfield. According to Reuters, the project is due to be completed within 27 months. (Source: Reuters)
By Daniel J. Samet, for The Diplomat. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. China, Not Iran, Is the Power to Watch in Iraq Iran is all over Iraq, U.S. Middle East watchers warn. At his nomination for U.S. ambassador to Iraq this […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in […]
By John Lee. The Iraqi Minister of Finance has met with China's state-owned investment company CITIC Bank to discuss the financing of projects in Iraq. Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister. The projects are said to include rail […]
