The latest China – Iraq Business News – Chinese Electricity Company, CNPC, CNOOC, PetroChina & more – brought to you by Iraq Business News
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, has launched the Green Mountain Industrial City project in Basra, marking Iraq's first industrial city of its kind. The project is a strategic partnership between the General Company for Iron and Steel and China's Tsingshan. Spanning 2,000 dunams, the city will […]
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a statement from the Prime Minister's Office, the focus of the meeting is on resolving financing issues related […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on the delayed Al-Khairat Thermal Power Plant project in Karbala, attended by the Chinese Ambassador to Iraq and representatives from the executing companies, Harlow International and CITIC, as well as officials from the Ministries of Electricity and Oil. The Prime Minister granted the […]
By John Lee. The Iraqi Oil Exploration Company has completed a seismic survey of the Naft Khana oil field in Diyala province, achieving the milestone in record time, according to the Ministry of Oil. The announcement was made during a ceremony on Thursday, which also coincided with International Workers' Day. Representing the Minister, Deputy Minister […]
By John Lee. Iraq's Ministry of Oil has signed an addendum to the contract for the development of the East Baghdad (South) oil field with EBS Petroleum. EBS Petroleum is a body registered in Iraq to conduct petroleum operations on behalf of China's ZhenHua Oil. The Minister confirmed that the agreement will enable the field to […]
By John Lee. Baghdad Municipality has signed a contract with China's state-owned Shandong Hi-Speed Group [Shandong Gaosu Group] for the construction of 11,000 housing units in the New Sadr City project. Speaking at the signing ceremony, Mayor Ammar Musa Kazem said that more than 30 companies expressed interest in the project, which represents the first […]
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a field inspection on Monday to assess progress at the Nasiriyah International Airport project in Dhi Qar Province. With the overall completion rate of 47%, the Prime Minister urged relevant authorities to swiftly address remaining obstacles, including power supply, conflict resolution, clearance of military structures, and […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the execution phase of the Nasiriyah Medical City Project in Dhi Qar Province -- a healthcare complex comprising 13 facilities, including seven hospitals with a combined capacity of 700 beds. Designed to reduce Iraq's reliance on overseas medical treatment, the 132-dunam [13.2-hectare; 33-acre] project will […]
By Simon Watkins for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target […]
Almas Group Logistics Supports China's Biggest Investors in Iraq Iraq's industrial expansion is gaining momentum, and logistics plays a crucial role in making it happen. Almas Group Logistics, a leading Iraqi logistics company, recently facilitated the seamless transportation of 16 heavy machinery units from China to Iraq, supporting the construction of new factories that will […]
By John Lee. Midland Oil Company (MdOC) has successfully restarted a previously idle vertical oil well in the Ahdab field, using horizontal drilling technology. The operation was carried out in cooperation with Chinese partner Al-Waha Company. Al Waha describes itself as follows: "Al-Waha (Al-Waha petroleum company), a holding joint-ventured enterprise jointly capitalized by CNPC (China […]
By John Lee. The China Huanqiu Contracting & Engineering Company (HQC), a subsidiary of the China National Petroleum Corporation (CNPC), has reportedly signed a Project Management Consultancy (PMC) contract for the West Qurna-1 oilfield. According to sina.com.cn, this is CNPC's largest overseas service contract since 2020. In January 2024, PetroChina, also a subsidiary of CNPC, […]
