The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
The Karbala Investment Commission laid the cornerstone for four housing developments valued at a total of $850 million [1 trillion Iraqi dinars], and consisting of about 11.000 housing units, Media Director Raed al-Asali told Aswat al-Iraq: The first project will be carried out by a Chinese company to erect 1,300 housing units in Hur area, […]
The China National Petroleum Corporation (CNPC) and its partners in the southern Halfaya oilfield have awarded a $174 million contract to the China Petroleum and Engineering Corp. (CPECC) to build three crude processors, an Iraqi oil official told Reuters on Sunday. Ali Maarij, head of Iraq's state-run Missan Oil Company said the new plants will […]
China National Petroleum Corp (CNPC) has started to get paid for developing Iraq's Rumaila oilfield, according to reports from the China Petroleum Daily. The company received its first cargo of oil as payment for helping to develop the oilfield on 28th May, two weeks after partner BP loaded its first shipment. A crude oil carrier […]
Reuters reports that Iraq's electricity ministry has signed a $1 billion [1.2 trillion Iraqi dinars] deal with China's Shanghai Electric on Monday to nearly double the size of a power plant south of Baghdad. The plant in the town of Zubaidiya was initially intended to have four 330 MW generators, giving a total capacity of […]
According to a report from Reuters, the Saudi-based Dao al-Jomaih Group tendered the low bid of $204.4 million to install four gas turbines in Iraq's southern Basra province. Salam Qazaz, Iraq's deputy electricity minister, said on Tuesday that the units will have a total generating capacity of 500 megawatts (MW) and will be installed at […]
The Iraqi Ministry of Industry and Minerals has said in a statement that the General Company for the Automotive Industry signed two contracts with two Chinese companies for the assembly and production of 7500 saloon cars and pick-ups. These cars annual value of sales is put at to 99.05 billion Iraqi dinars (about US$84 million). […]
A delegation of Chinese companies specializing in cement production visited the Council of Anbar province on Tuesday to discuss investment projects in the region. The head of Anbar provincial council, Jassim al-Halbousi, told AKnews that the discussions focused on ways of increasing productivity at Anbar’s Qaem cement plant. “We hope it will be as significant […]
Sinoma (Suzhou) Construction Company, a subsidiary of the Chinese Sinoma International Engineering, has signed a $112.5-million deal with Iraq-based investment firm Mass Iraq for the construction of a cement plant. Both parties will build a cement plant with an annual capacity of 5,300 tons per day in Sulaymaniyah. The scope of the deal includes the […]
Direct flights between Iraq and China will commence in January, according to a report from AKnews. Ziya Qurayshi, an advisor to Nouri al-Maliki, told the agency that the two countries have agreed to re-open the route after completing all the official and technical procedures. The economic embargo imposed on Iraq in 1990s due to the […]
Iraq is among the countries reportedly boycotting the Nobel Peace Prize ceremony in Oslo. A Nobel official said that China has been putting unprecedented pressure on a number of countries to stay away from the prize-giving ceremony. This year's prize has been won by Liu Xiaobo, who is currently serving an 11-year prison sentence for […]
Iraq's Industry Ministry has signed a contract with a Chinese company to produce thermal bricks, a spokesperson of the ministry said on Thursday. “The thermal industries company signed a contract with a Chinese company to carry out a project to produce thermal bricks,” Hanaa al-Husseini told Aswat al-Iraq news agency. “The ministry has allocated 25 […]
Further to our report yesterday on the police raid on CNPC's al-ahdab oilfield, Iraq's Oil Ministry said on Tuesday that security forces had violated the law, and expressed concern for the affect it could have on foreign investment in the oil sector. "Oil sites and facilities are under the control of the Central Government and […]
