The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
By John Lee. Iraq has reportedly approached PetroChina and ExxonMobil about investing in a multi-billion dollar project to help boost output from a number of smaller southern fields. The Deputy Chairman of the South Oil Company (SOC), Basim Abdul Kareem, told Reuters that the "Integrated South Project" consists of building oil pipelines, storage facilities and […]
By Simon Kent. Iraqi PM Haider al Abadi recently met with Chinese President Xi Jinping to discuss high level strategic projects for both countries to cooperate on. The major discussions focused on a plan for Iraq's State Oil Marketing Company (SOMO) and Chinese state run refiner Sinopec to coordinate the shipment, refining and marketing of […]
By Simon Kent. There is growing speculation over a planned energy initiative between Iraq and China, with both Iraqi PM Haider al Abadi and oil minister Adel Abdul Mahdi travelling to China for "deep discussions" on the proposal. According to The Wall Street Journal, Unipec, the trading branch of Chinese state refiner Sinopec, will be working with […]
Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex ship-to-shore cranes (STS) and three Terex rubber-tyred gantry cranes (RTG). With this order including comprehensive services, TPS and ICTSI, a leading global port operator, are writing the next chapter in the history […]
By John Lee. China’s Anton Oilfield Services Group (Antonoil) has announced that the Group has received a notification from an oil company customer operating oilfield projects in south Iraq, adding that "the general contract is awarded to Antonoil for the provision of oilfield workover and completion services". A press release from the company continued: "Internal approval […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Chinese Company Pollutes, Causes Disease: Is The Oil Industry Killing The Poor in Wasit? As soon as the Chinese oil company began extracting oil from the Ahdab oil field in […]
By John Lee. China's Anton Oilfield Services Group (Antonoil) has announced that it has won a bid for what it describes as "the provision of three well's workover and other services in middle Iraq". As the chief contractor for the project operated by an international oil company, Anton is commissioned to provide a series of […]
By John Lee. Iraq has approved a $526.6-million (614 billion Iraqi dinar) drilling deal with China's Zhongman Petroleum and Natural Gas Group (ZPEC) for the West Qurna II oilfield, according to Reuters. Under the 28-month contract, ZPEC will drill 66 production oil wells at the Lukoil-operated field. Current production capacity at West Qurna II is […]
By John Lee. Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project. Baqir Al Zubeidi told al-Forat news agency that the investment would cover the construction of quays […]
By John Lee. Gulf Keystone's former Chairman Simon Murray (pictured), whose retirement was announced by the company on Tuesday, told Reuters he was effectively forced to quit the company. Murray said he disagreed with the firm's decision to raise $41 million through an equity issue at a 21 percent discount to the market, a move intended […]
By John Lee. China Petroleum Pipeline (CPP) and North America Western Asia Holdings (NAWAH) have announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq. Under the agreement signed during a formal ceremony in CPP’s global headquarters in China, CPP and NAWAH will seek an […]
By John Lee. Foreign Minister Dr. Ibrahim al-Jaafari received on 15th January the Chinese ambassador to Iraq, Mr. Wang Yong. Dr. Jaafari hailed the Chinese support for Iraq in its war against terrorism through its humanitarian assistance to the displaced people, pointing out that Iraq is looking forwards to establishing better relations with China, and […]
