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 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, […]
By John Lee. The London School of Economics (LSE)'s Middle East Centre has hosted a talk by Ahmed Tabaqchali, exploring the economic and financial interactions of the Iraqi economy with the outside world, particularly the use of the dollar in relation to Iran and the US. While the US' Iraq policy is still fluid, there […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, has addressed key energy issues in interviews with Al Arabiya and Al Hadath, outlining government efforts to secure power supply and mitigate potential summer shortages. Key points include: The halt of exemptions has affected 800 MW of electricity imports from Iran, impacting Diyala, Maysan, […]
By John Lee. Iraq's Council of Ministers has approved the award of Tender No. CSSP-ITT-06 from Basra Oil Company (BOC) to China Petroleum Pipeline Engineering Co., Ltd. (CPPE). The project involves the construction of a seawater pipeline, as part of the Common Seawater Supply Project (CSSP). The contract will be executed over 54 months, including […]
By John Lee. Iraq has signed a contract with China State Construction Engineering Corporation (CSCEC) to build a comprehensive Medical City in Dhi Qar Province. The 490 billion Iraqi dinar [$374 million] project was finalized under the supervision of the Dhi Qar Reconstruction Fund and the Ministry of Health. During the signing ceremony, Prime Minister […]
