The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
Iraq plans to increase oil exports to Asia, especially India and China, the State Oil Marketing Organization (SOMO) Director General Falah al-Amri said in Baghdad. “Europe is an old market, and it has made plans to diversify away from oil to cleaner alternatives,” Amri said in a speech marking the 50th anniversary of the Organization […]
Staff from the China National Building Material Company, CNBM, have started work on the construction of the first concrete factory in al-Muthana province. "The Chinese firm will construct the factory for an Iraqi investor," a local source told Aswat al-Iraq news agency. He explained that the total cost of the project is $270 million [320 […]
Aswat al-Iraq reports that the Iraqi Industry Ministry has reached agreement with a Chinese producer to assemble 10,000 Chinese cars in Iraq. The ministry is also currently in negotiations with a French producer to assemble trucks in Iraq. IBN believes the truck-maker to be Renault. “This should be the first step toward establishing an automotive […]
A local government spokesperson from Basra has announced that the Chinese company "Tarim" is making the final preparations for a trade fair due to open in the Basra province (550km south of Baghdad). "The governor of Basra, Shiltagh Abboud, hosted a delegation from Tarim which is preparing to open a trade fair in the province, […]
China didn't take part in the U.S.-led invasion of Iraq or the bloody military battles that followed. It hasn't invested in reconstruction projects or efforts by the West to fortify the struggling democracy in the heart of the Middle East. Workers at al-Waha Oil Co. in the southern Iraqi town of Wasit are part of […]
More than 65 Chinese firms are participating in a fair in Najaf city.
The pavilion will exhibit a model of the Hanging Gardens of Babylon, one of the ancient Seven Wonders of the World.
China's top power equipment maker Shanghai Electric is moving ahead with a $1 billion power-generating plant to boost Iraq's electricity capacity by 1,320 megawatts, officials said on Saturday.
China is now the biggest importer of Saudi oil, the second-biggest of Iranian oil, and the largest player in the Iraqi oil game and "being very aggressive,"
The Iraqi oil ministry is set to sign a contract with a Turkish-Chinese consortium to develop three new oil fields in the country's southern area, an Iraqi oil official said Sunday.
The Iraqi government signed an agreement with the Chinese government to write off 80% of Iraq’s debts.
The local government is studying a project put forward by CNPC, Total and Petronas, which invest in al-Halfaya oil field, to turn al-Bateera military airport into a civil one,” the head of the investment commission in the Missan provincial council, Muhsin al-Bakhati said.
