Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary

[yota691]

Abdul-Mahdi will visit three cities on Thursday and sign historic agreements

Policy

2019-09-16 | 17:27

 

Source:

the morning

 

4,322 views

Prime Minister Adel Abdul-Mahdi Al-Khamis is heading to China at the head of a high-level government delegation on an official visit that observers from both countries have described as historic and important, especially as they coincide with the 70th anniversary of the founding of the Republic of China.

Officials and politicians from Baghdad and Beijing expressed optimism that the visit would usher in a qualitative leap and a new phase in the course of Iraqi-Chinese relations.

 

It quoted Sabah Ambassador Zhang Tao as saying that " the most important and the most prominent visit stations , economic, technological, cultural and security agreements to be signed by the two sides, the Framework Agreement with the Chinese Sanshou Company , a Convention , which will provide more than $ 10 billion for reconstruction in Iraq, as well as follow - up contribution of China to resolve the crisis Through the establishment of four large power plants in Baghdad and the governorates. ”

 

 

 

"The agreements to be signed by the prime minister will also include the establishment of an electronic library at the University of Baghdad, training Iraqi cadres by Huawei experts in the field of telecommunications technology, agreements in the construction of residential complexes, rehabilitation and repair of buildings, rehabilitation and rehabilitation of buildings, hospitals, and repair works," he added. "The visit will include cities (Kofi, Shanghai and Beijing )."

[yota691]

China reveals details of agreements to be signed by Abdul-Mahdi in Beijing

 

money and business Economy News _ Baghdad Chinese Ambassador to Iraq Zhang Tao revealed on Tuesday details of the agreements signed by Prime Minister Adel Abdul Mahdi during his visit to Beijing, indicating that one of those agreements will provide more than 10 billion dollars for reconstruction in Iraq. Tao said in a statement reported in the newspaper "morning" and seen by the "economic news", that "the most important and most prominent stations of the visit and economic, technological, security and cultural agreements that will be signed by the two sides is the framework agreement with the Chinese company" Sancho ", which will provide more than 10 billion dollars for operations Reconstruction in Iraq, as well as follow-up China's contribution to solve the electricity crisis through the establishment of four huge power plants in Baghdad and the provinces. "The agreements to be signed by the prime minister will also include the establishment of an electronic library at the University of Baghdad, training of Iraqi cadres by Huawei experts, leading in the field of communications technology, and agreements in the construction of residential complexes and hospitals, soil rehabilitation and agriculture, security cooperation and coordination between the two countries and dozens of agreements," Tao said. . He continued, "Prime Minister Adel Abdul Mahdi's upcoming visit; is the most important visit of the Iraqi officials' visits to China, especially after Iraq has achieved great victories against terrorists (ISIS), especially as the security situation is improving significantly, and this increases Of Iraq's opportunities for reconstruction. ” "The coming year will be the year of reconstruction," Tao said. Views: 30   Date Added: 17/09/2019

[Pitcher]

https://oilprice.com/Energy/Crude-Oil/China-Just-Got-Handed-The-Oil-Deal-Of-A-Lifetime.html
 

China Just Got Handed The Oil Deal Of A Lifetime

By Simon Watkins - Sep 17, 2019, 6:00 PM CDT

China and Russia are sewing up whatever oil and gas fields and accompanying infrastructure that they can in Iran and Iraq, as Iraq tries to markedly up the pace of development on the fields it shares with Iran. Iraq only wants the U.S. for the Common Seawater Supply Project(CSSP) because ExxonMobil is the only firm that can do it properly and within a reasonable timeframe. ExxonMobil’s participation, though, is far from guaranteed.

Of all the key shared fields - Azadegan (Iran side)/Majnoon (Iraq side), Azar/Badra, Yadavaran/Sinbad, and Dehloran/Abu Ghurab, Naft Shahr/Khorramshahr – the first of these has been a priority for Iran since it was severely flooded in March. It is this field that was the focus of the announcement last week that two major new drilling contracts have been signed: one with China’s Hilong Oil Service & Engineering Company to drill 80 wells at a cost of US$54 million and the other with the Iraq Drilling Company to drill 43 wells at a cost of US$255 million.

According to senior oil and gas industry sources spoken to by OilPrice.com last week, it is China that will do all of the work and finance all of the drilling, with the headline ‘Iraq Drilling Company’ being on the contract simply to assuage the followers of Moqtada al-Sadr, the de factoleader of Iraq, and his Sairoon (‘Marching Towards Reform’) power bloc whose public message at the last election was that Iraq should not be beholden to any other country. OilPrice.com understands that al-Sadr privately has approved the project, otherwise, of course, it would not be going ahead.

Located around 60 kilometres to the north-east of the main southern export terminal of Basra, the supergiant Majnoon oilfield is one of the world’s largest, holding an estimated 38 billion barrels of oil in place. Rather literally, the field’s name means ‘insane’ in Arabic, derived from its possessing an ‘insanely’ large amount of oil. Discovered in 1975 by Brazil’s Braspetro (now part of Petrobras), it has been subject to a microcosm of the troubles that have affected the Iraq oil industry as a whole, with two U.S.-led wars, the war against Iran, and ongoing domes tic security issues leading to the cancellation of various deals with international oil companies (IOCs) over the past 40 years. A major ongoing problem for development remains the substantial quantity of unexploded ordinance in and around the site that dates back to the 1980-1988 Iran Iraq War. Related: U.S. And Russia Battle It Out Over This Huge Iraqi Gas Field

Having been awarded the licence for the field on 11 December, 2009, it took Shell Iraq Petroleum Development (SIPD) and its partner Petronas nearly 18 months to clear 28 square km of land of explosives, prior to constructing and opening the first well, and then restarting production on 20 September 2013. The Shell subsidiary had to develop a new approach for removing mines, involving the use of heavily-armoured bulldozers and loaders. During the site’s construction phase, over 12,000 items were cleared and destroyed using this technique.

Additionally, in order to circumvent the dangerous conditions, the super-major had to transport an initial 48,000 tonnes of steel via the Shatt al-Arab waterway, which had previously been closed to commercial transport for 31 years. Given these logistical constraints and the longer-than-expected delay in generating any revenue from the project – already fixed under the terms of the technical service contract (TSC) terms at a relatively tight per barrel fee of US$1.39 per barrel for the developers – there was much talk that the consortium at the time (SIPD 45%, Pet ronas 35% and Iraq’s Missan Oil 20%) was in the process of renegotiating key parameters of the concession.

As it transpired, given the Iraqi view that the enormous reserves in situ and the low costs of recovery would more than offset any other con siderations, negotiations were unsuccessful. The consortium moved quickly to boost output from the 46,000 barrels per day (bpd) level being produced when it took over in 2009. Within a very short timeframe from production re-commencing, the consor tium managed to boost output to the 175,000 bpd first commercial production target (the threshold for cost-recovery payments for Shell), and by the end of the first quarter of 2014, the field had an average output of 210,000 bpd. As it stands, the field is now producing only marginally more, at 240,000 bpd.

Longer term, the original production tar get figures for the Shell-led consortium still stand: the first production target of 175,000 bpd (already reached), and the plateau production for the site of 1.8 million bpd. The Iraq Ministry of Oil’s own latest target is for 450,000 bpd by the end of 2021. All things remaining equal, the International Energy Agency (IEA) maintains its projection for 700,000-1 million bpd at some point in the 2030s.   Related: Oil Prices Close 15% Higher On Record Trading Day

As it has transpired, the floods in March handed China ‘a deal of a lifetime’, according to Iraq oil industry sources. It is widely posited that much of the structural damage to the Majnoon area was caused by the erosion of subsoil across over one million hectares of forest and brush land in both sides of the region – Azadegan and Majnoon - by Iran’s Islamic Revolutionary Guard Corps (IRGC) as a result of extensive building programmes. Because of the geology of the region, Majnoon fared worse than its neighbouring Azadegan. Crucially, though, China is currently the lead operator of the North Azadegan field, and is in prime position in South Azadegan as well, so it is in a position to address the potential flooding problem across the entire region, covering both Iran and Iraq sides, and including widespread berm building and maintenance, and directing of water flows.

Partly because of this, China has been negotiating a deal with Iraq for one of its oil and gas entities (China National Offshore Oil Corporation is the one on the table currently) that involves a 25-year contract. However, the contract would officially start two years after the signing date, so allowing CNOOC to recoup more profits on average per year and less upfront investment, according to a senior Iraq source. The per barrel payments to China will be the higher of either the mean average of the 18 month spot price for crude oil produced, or the past six months’ mean average price.

It also involves at least a 10% discount to China for at least five years on the value of the oil it recovers. China, for its part will make good on the structural damage to the site and will increase output to at least 500,000 bpd by the end of May 2021. “With the terms of the deal on the table, China would make between eight and nine billion dollars profit every year from Majnoon alone,” concluded the Iraq source.

[yota691]

Abdul-Mahdi is going to China today for a week-long visit

Release date:: 9/18/2018 13:42 • 147 times read

BAGHDAD: The prime minister, Adel Abdul Mahdi, will go to China on Wednesday.

He is accompanied by a large delegation of ministers and governors to discuss the conclusion of trade agreements and to promote joint cooperation.
The adviser to Prime Minister Abdul Hussein Al-Hanin, in a press statement, the program of the visit Adel Abdul-Mahdi, indicating that the large delegation accompanying him has a clear economic features, including ministers, advisers and businessmen.
He added that "the program of the next visit and economic files, carried by the Prime Minister include major projects in roads and transport, services, education, health and others," noting that "the Iraqi and Chinese sides have prepared well for the visit in the past months, through continuous meetings with major Chinese companies And complete the funding model through the Iraq-China Joint Reconstruction Fund. "
Al-Hunain expected that "the visit will be signed during the visit major contracts and agreements in the sectors of industry and agriculture, building schools, hospitals, housing, roads, trains and bridges," pointing out that "the visit falls within the philosophy of the Prime Minister in opening up to the world, and that Iraq is a friend of all, and an influential factor in World, and forms a bridge between all the different

[yota691]

Names: Nine ministers and 16 governors accompany Abdul Mahdi on his visit to China

Political | 07:08 - 17/09/2019

 

 

 

 

 

BAGHDAD -
Prime Minister Adel Abdul-Mahdi is scheduled to travel to Beijing in the coming hours for an official visit.
An informed source told Mawazine News that "Abdul-Mahdi will head a large government delegation comprising 16 governors and nine ministers in the visit."
Below are the names of the delegation:

[Butifldrm]

Tuesday, September 17, 2019

 

 

 

 

 

 

Special: Written - Nashwa Hefni:

In an upcoming official visit, Iraqi Prime Minister, Adel Abdul Mahdi, will visit China from 19 to 23 this month at the head of a large delegation comprising ministers, advisors and businessmen to discuss several files, the most important of which is the economic file and the big private projects file in the field of Roads and transportation, services, education, health and others.

The Iraqi Foreign Ministry announced that the prime minister, Adel Abdul Mahdi, will visit China at the end of September.

The "Iraqi Foreign Ministry," in a statement, that: "The Department of Asia and Australia in the ministry, organized a consultative meeting of a number of representatives of Iraqi ministries and institutions."

According to the statement, has been discussed on the memorandums of understanding and agreements that are expected to be signed during the visit of Prime Minister Adel Abdul Mahdi, to the People's Republic of China at the end of this month, as well as issues that the Iraqi side would like to discuss with the Chinese side during the visit.

Launching a new phase of relations ..

A senior official in the Secretariat General of the Council of Ministers, said: "The visit will be the announcement of the launch of a new phase of economic, trade and investment relations with China."

The official expected: "the conclusion of eight huge agreements relating to projects in housing and infrastructure, especially in the destroyed cities, and the rehabilitation of Iraq's factories stalled since 2003, as well as scheduling debts owed by Iraq in favor of China, which Iraq received in the past six years."

Economic carry political messages ..

While the member of parliament, "Salam al-Shammari," that: "The upcoming visit of the Iraqi prime minister is economic, but it may also carry political messages for this sudden trend towards China."

He said, "Shammari": "We need China at the moment to advance quickly in several areas of construction and economic, and we have great ingredients to achieve any agreement with them, and entering China means creating huge jobs in Iraq that will reflect positively on the problem of unemployment and poverty, as well as the speed They accomplish business, their access and adapt to the Iraqi situation. ”

China will not be the last ..

"Abdul Mahdi will head to China on the 19th of this month; lead a large delegation, characterized by clear economic features, and includes ministers, advisors and businessmen."

Al-Hunain said that “the program of the upcoming visit and the economic files, carried by the Prime Minister include major projects in roads and transport, services, education, health and others”, pointing out that: “The Iraqi and Chinese sides have prepared well for the visit in the past months, through meetings Continuing with major Chinese companies, and completing the financing model through the Iraqi-Chinese Reconstruction Fund. ”

Al-Hunain expects to sign during the visit "major contracts and agreements in the sectors of industry and agriculture, building schools, hospitals, housing, roads, trains and bridges," believing that the visit "falls within the philosophy of the Prime Minister in opening up to the world", and that Iraq "friend For everyone, an influential factor in the world, and a bridge between all the different. ”

"China will not be the last in this deal," he said. In addition, Iraq has opened its doors to its neighbors to work and invest in it, on top of these countries Saudi Arabia and Iran, and Turkey and the Gulf States and Jordan.

A large delegation of members of the ruling Communist Party of China (CPC) visited Baghdad in April to discuss Chinese investment in the reconstruction of liberated areas, and met with Iraqi officials to discuss coordination of cooperation. In the areas of reconstruction, security and economy.

The volume of trade exchange reached 30 billion dollars ..

For its part, welcomed the "China", through its ambassador in "Baghdad", "Zhang Tao," the visit of Prime Minister, "Adel Abdul-Mahdi," the forthcoming visit to "Beijing," Ambassador "Tao", in a statement reported by the newspaper (morning) semi "The Chinese side attaches great importance to the development of relations with Iraq, and looks forward to seizing the opportunity of this visit to make joint efforts, hand in hand with the Iraqi side, in order to consolidate and deepen mutual political trust (Sino-Iraqi) increasingly."

Tao also expressed his hope that "the visit of Prime Minister Adel Abdul-Mahdi will contribute to enhancing the level of mutual cooperation in various fields, enhancing human and cultural communication between the two friendly countries, and participating in drawing up future plans for the strategic partnership relations (China-Iraq)."

The "Tao," announced at a press conference held in the province of "Kirkuk," on July 31; that: "the volume of trade exchange between Iraq and China, during 2018, amounted to more than 30 billion dollars."

According to official Iraqi statistics, the investment of "China" in the "Iraq", last year, more than 20 billion US dollars, as well as that "Iraq" is the second largest supplier of "oil" to "China" worth 20 billion dollars annually.

It was necessary to go to other countries .. Iraq is still an environment expelling investment!

Commenting on the visit of "Mahdi," to "China," says the economist, "Saleh Hamashi," that: "China as a developed country is present in Iraq mainly, was supposed to Iraqi Prime Minister to travel to other countries, where China since the eighties of the last century Working in Iraq in the field of military industrialization and infrastructure, as Iraq must determine what he wants today from the infrastructure, whether electricity or roads and bridges or educational and health services, it must determine what he wants, and it was better Prime Minister to visit the countries that have a great deal in these Domains, Russia, Germany and France, which had projects in The former stopped in the economic blockade in the nineties of the last century, unlike the Chinese companies that continued to work inside Iraq.

He added, "Al-Hamashi" that: "Iraq needs all the countries of the world, but it has to set a schedule for those countries in terms of priorities and what service is required of them."

He explained that: “The important thing is that Iraq is not ready for real investment, where it is still a repelling environment for investment, due to the lack of political and economic stability, in addition to the lack of security stability, because of the corruption in Iraq, which made institutions meager and unable to run the country correctly".

A lifeline for the Iraqi economy ..

The Iraqi economist, "Imran speech guarantor," that: "The visit of the Iraqi Prime Minister at the head of an economic delegation is an invitation to Chinese companies to invest in Iraq in the sectors of oil and natural gas and other vital areas, most notably real estate investment and infrastructure needed by Iraq, and under the Competitive advantages offered by the Chinese investment sector. ”

The guarantor pointed out that the entry of Chinese companies to the Iraqi market is considered a lifeline for the Iraqi economy, by replacing low-quality Iranian imports with Chinese imports more efficiently with the possibility of localizing Chinese investments in Iraq, attracting Chinese expertise to the Iraqi market and creating promising job opportunities.

Try to save the economy ..

As the Iraqi economist, "Salam Semsem," the Iraqi economy suffocated because of the political conflicts of the conflict between "Iran" and "America", noting that the forthcoming visit of Iraqi Prime Minister comes within the framework of attempts to save the economy.

She explained that: "The political conflict has extended to the management of facilities and government funds, through the challenge of accounting reports, currently the largest international companies are responsible for the management of audits in Iraq; because there are hidden Iranian hands move the Accountants Union."

 

https://kitabat.com/news/زيارة-عبدالمهدي-للصين-هل-يمكنها-إنقا/

[Butifldrm]

Iraq attracts China strongly .. Oil for reconstruction

 Wednesday 18 September 2019

save  Print 

 

 

 

 

 

Baghdad - Writings

Iraq has nothing to offer to China in return for projects to be implemented in the country, which requires the implementation of a policy followed in the time of the embargo on Saddam Hussein's Iraq before 2003 in order not to rely on the Americans only.

Today, Adel Abdul Mahdi, along with nine ministers, 15 governors, and a battalion of officials, photographers and advisers, went to China to restore oil-for-food policy, but this time oil for reconstruction.

This was revealed by the Fatah Alliance on Wednesday 18 September 2019, stressing the direction of the Prime Minister and his government to implement contracts for Iraqi oil exports; to prevent financial corruption and bribery.

Fadel al-Fatlawi, a member of the coalition revealed that Iraq will put 20% of its oil exports at the disposal of China in exchange for projects and contracts to be signed with China.

Al-Fatlawi confirmed that it will be agreed with China to restart more than 100 production lines in Iraqi laboratories within the planned agreements, which puts China strongly in the Iraqi market in partnership is the strongest of its kind with the Chinese dragon.

https://kitabat.com/news/العراق-يستقطب-الصين-بقوة-النفط-مقابل-ا/

[cranman]

46 minutes ago, Butifldrm said:

Iraq attracts China strongly .. Oil for reconstruction

 Wednesday 18 September 2019

save  Print 

 

 

 

 

 

Baghdad - Writings

Iraq has nothing to offer to China in return for projects to be implemented in the country, which requires the implementation of a policy followed in the time of the embargo on Saddam Hussein's Iraq before 2003 in order not to rely on the Americans only.

Today, Adel Abdul Mahdi, along with nine ministers, 15 governors, and a battalion of officials, photographers and advisers, went to China to restore oil-for-food policy, but this time oil for reconstruction.

This was revealed by the Fatah Alliance on Wednesday 18 September 2019, stressing the direction of the Prime Minister and his government to implement contracts for Iraqi oil exports; to prevent financial corruption and bribery.

Fadel al-Fatlawi, a member of the coalition revealed that Iraq will put 20% of its oil exports at the disposal of China in exchange for projects and contracts to be signed with China.

Al-Fatlawi confirmed that it will be agreed with China to restart more than 100 production lines in Iraqi laboratories within the planned agreements, which puts China strongly in the Iraqi market in partnership is the strongest of its kind with the Chinese dragon.

https://kitabat.com/news/العراق-يستقطب-الصين-بقوة-النفط-مقابل-ا/

Well that wouldn't be good for us.  Oil for reconstruction means no RV or RI?  How is the US getting paid back  for the war again?  Or are they paying China with oil and us with revalued currency?  Do the Iraqi people know that there currency will remain worthless?  So many questions and so few answers.

[yota691]

Iraqi Prime Minister arrives in China to participate in the World Conference on Industrialization

Chinese officials receive the Iraqi Prime Minister and his accompanying delegation

 19 September 2019 12:40 PM

Iraqi Prime Minister Adel Abdul-Mahdi arrived in the Chinese city of Hefei on Thursday at the head of a large delegation.

He left for China, according to the Information Office of the Council of Ministers, to participate in the work of the World Conference on Industrialization, and to address the conference, which is attended by many officials from various countries of the world and heads of major Chinese companies.

The delegation traveled with the Prime Minister of senior executives; includes a number of ministers and governors from all over the provinces of Iraq.

 

Abdul-Mahdi said that this large delegation is not only because of China's importance to Iraq and its global status, but because Iraq has also been working for a long time to develop strategic framework relations with the People's Republic of China, known for its economic and technical capabilities and long contributions to the reconstruction and construction of its sprawling country.

He added that China is the first in the world in terms of population, in addition to its global economic and technical contributions, which made it today the second economy in the world, which may top the list in the next few decades.

He continued: "We seek in our visit today to form a framework for strategic partnership for Iraq to rise and rebuild its infrastructure, economy and society, and make significant progress in getting rid of the factors of unemployment, poverty, illiteracy and underdevelopment."

The Prime Minister pointed out that Iraq was one of the first countries to join the "Belt and Road" initiative, and seeks to link the Near East to the Far East, what has been historically known as the Silk Road.

 

[Butifldrm]

ABDUL MAHDI FROM THE PLANE: WE WILL SIGN AGREEMENTS IN CHINA THAT WILL LEAD MANY CHANGES TO THE COUNTRY

 

Thursday, September 19, 2019 11:41 AM

SHARE THIS ARTICLE:

 

Baghdad / National News Center

Prime Minister Adel Abdul Mahdi said on Thursday he would sign many agreements in China that would bring about major changes in the country.

`` In our visit today, we are seeking to form a framework for strategic partnership in order for Iraq to rise and rebuild its infrastructure, economy and society, and to make tangible progress in getting rid of the factors of unemployment, poverty, illiteracy and underdevelopment, '' he said in a letter written on his way to a large delegation to China.

"Because our route passes through India, we stopped for a short time in New Delhi and discussed with Indian government officials to activate the joint committee between Iraq and India, which has not met since 2013, and we agreed on the importance of exchanging visits between senior officials of the two countries."

Abdul Mahdi pointed out that "time does not allow long wait and miss opportunities, we need deliberate decisions, rapid and direct taken at the highest levels with officials of other countries that aspire to establish mutually beneficial relations and sustainable partnership with them help us in achieving our ambitious programs, especially in the fields of agriculture and industry. “Weapons, education, health, energy, communications, transportation, water and everything related to the construction and reconstruction of Iraq's basic infrastructure, which is the lever of growth, and the basis of the great progress that befits Iraq and its people.”

"In order to achieve these goals, we have come to this large executive delegation to discuss and develop relations and draw plans, and to sign a large number of agreements that will bring significant changes in our economies and infrastructure and our various activities."

https://nnciraq.com/17802/

[yota691]

 

Abdul Mahdi from the plane: We will sign agreements in China that will lead many changes to the country

•  Sep 19, 2019 - 6:38
•  
•  The number of readings: 45

BAGHDAD / Sumer News Prime Minister Adel Abdul Mahdi said on Thursday that he will sign in China many agreements that would bring major changes in the country. `` In our visit today, we are seeking to form a framework for strategic partnership in order for Iraq to rise and rebuild its infrastructure, economy and society, and to make tangible progress in getting rid of the factors of unemployment, poverty, illiteracy and underdevelopment, '' he said in a letter written on his way to a large delegation to China. "Because our route passes through India, we stopped for a short time in New Delhi and discussed with Indian government officials the activation of the joint committee between Iraq and India, which has not met since 2013, and we agreed on the importance of exchanging visits between senior officials of the two countries." Abdul Mahdi pointed out that " Time does not allow long waiting and wasting opportunities. We need deliberate, fast and direct decisions taken at the highest levels with officials of other countries that we aspire to establish mutually beneficial relations and sustainable partnership with them to help us achieve our ambitious programs, especially in the fields of agriculture, industry, armaments, education, health, energy, communications and transportation. Water and everything related to the construction and reconstruction of the basic infrastructure of Iraq, which represents the lever of growth, and the basis of the great progress befitting Iraq and its people. "To achieve these goals, we attended this large executive delegation to discuss and develop See the relationships and draw plans, and we sign a large number of agreements that will bring significant changes in our economies and our infrastructure and various of our activities. "

[yota691]

Urgent Abdul Mahdi reveals his visit to India and clarifies the objectives of his talks with China

Release date:: 2019/19/19 11:14 • 315 read times

Prime Minister Adel Abdul Mahdi revealed that he had visited India before arriving in China.

"I am writing these words on our way to the People's Republic of China on a visit that we want to be a quantum leap in relations between the two countries," Abdul-Mahdi said in a statement to his office received by the Euphrates News Agency. Senior officials, including conservatives from all over Iraq, are not only important to China and its global status, but also because Iraq has been developing a strategic framework for a long time with the People's Republic of China, known for its economic and technical capabilities and long-term contributions to the reconstruction and building of its Lamy parties, the world and the first in terms of population. Add the global economic and technical contributions that have made them the second day of the world economy, which may lead the list over the next few decades. "
"People's China has been able to overcome the factors of poverty, underdevelopment and disintegration that it suffered a few decades ago, and provided the world with examples of the possibility of moving quickly, steadily and steadily from the economy of a backward tertiary country to an economy and a country that today stands at the forefront of countries, not in terms of wealth," he said. But also human, cultural, health, sports, artistic, social, scientific and security. "
"Therefore, in our visit today, we seek to form a framework relationship for the strategic partnership in order for Iraq to rebuild and rebuild its infrastructure, economy and society, and to achieve tangible progress in getting rid of the factors of unemployment, poverty, illiteracy and underdevelopment. Today, Iraq seeks to deepen its relations with the East and the Asian countries by virtue of thousands of years of historical relations and similar experiences that allow it to benefit from its rich experience and expertise in this field. "We want to connect the Near East to the Far East with what has historically been known as the Silk Road, which was also the spice route."
He pointed out that "because our route passes through India so we stopped for a short time in New Delhi and discussed with Indian government officials to activate the joint committee between Iraq and India, which has not met since 2013, and agreed on the importance of exchange of visits between senior officials of the two countries, Iraqi oil occupies the first place in imports Oil for India, and Iraq has trade, political and cultural relations with India stretching back to ancient times. "
The Prime Minister stressed that "time does not allow long wait and miss opportunities, we need deliberate decisions, quick and direct taken at the highest levels with officials of other countries that aspire to establish mutually beneficial relations and sustainable partnership with them help us in achieving our ambitious programs, especially in the fields of agriculture, industry and armaments. Education, health, energy, communications, transportation, water and everything related to the construction and reconstruction of the basic infrastructure of Iraq, which represents the lever of growth, and the basis of the great progress befitting Iraq and its people. To discuss and develop relations and draw plans, and to sign a large number of agreements that will bring significant changes in our economies, infrastructure and our various activities. "

[yota691]

19-09-2019 02:53 PM

Hashemi describes Abdul Mahdi's departure to China on a fishing trip

 

 

Baghdad / News

Security and strategic expert Hisham al-Hashemi described Prime Minister Adel Abdul Mahdi's trip to China as a fishing trip.

Hashemi said in a tweet to him through his official account on the "Tiotr", that "satellite channels and media sites deal with the Iraqi government delegation in China as if they are on the journey of Gilgamesh to achieve wishes."

"This trip is like a fishing trip, which must be well prepared," he said. "It is a great China, a possible country, and how many fishermen came back disappointed after the hardship of the trip because of poor management."

[Butifldrm]

China Just Got Handed The Oil Deal Of A Lifetime

by Tyler Durden

Thu, 09/19/2019 - 20:25

1

SHARES

 

 

 

Authored by Simon Watkins via OilPrice.com,

China and Russia are sewing up whatever oil and gas fields and accompanying infrastructure that they can in Iran and Iraq, as Iraq tries to markedly up the pace of development on the fields it shares with Iran. Iraq only wants the U.S. for the Common Seawater Supply Project (CSSP) because ExxonMobil is the only firm that can do it properly and within a reasonable timeframe. ExxonMobil’s participation, though, is far from guaranteed.

Of all the key shared fields - Azadegan (Iran side)/Majnoon (Iraq side), Azar/Badra, Yadavaran/Sinbad, and Dehloran/Abu Ghurab, Naft Shahr/Khorramshahr – the first of these has been a priority for Iran since it was severely flooded in March. It is this field that was the focus of the announcement last week that two major new drilling contracts have been signed: one with China’s Hilong Oil Service & Engineering Company to drill 80 wells at a cost of US$54 million and the other with the Iraq Drilling Company to drill 43 wells at a cost of US$255 million.

 

 

 

According to senior oil and gas industry sources spoken to by OilPrice.com last week, it is China that will do all of the work and finance all of the drilling, with the headline ‘Iraq Drilling Company’ being on the contract simply to assuage the followers of Moqtada al-Sadr, the de facto leader of Iraq, and his Sairoon (‘Marching Towards Reform’) power bloc whose public message at the last election was that Iraq should not be beholden to any other country. OilPrice.com understands that al-Sadr privately has approved the project, otherwise, of course, it would not be going ahead.

Located around 60 kilometres to the north-east of the main southern export terminal of Basra, the supergiant Majnoon oilfield is one of the world’s largest, holding an estimated 38 billion barrels of oil in place. Rather literally, the field’s name means ‘insane’ in Arabic, derived from its possessing an ‘insanely’ large amount of oil. Discovered in 1975 by Brazil’s Braspetro (now part of Petrobras), it has been subject to a microcosm of the troubles that have affected the Iraq oil industry as a whole, with two U.S.-led wars, the war against Iran, and ongoing domes­tic security issues leading to the cancellation of various deals with international oil companies (IOCs) over the past 40 years. A major ongoing problem for development remains the substantial quantity of unexploded ordinance in and around the site that dates back to the 1980-1988 Iran Iraq War.

Having been awarded the licence for the field on 11 December, 2009, it took Shell Iraq Petroleum Development (SIPD) and its partner Petronas nearly 18 months to clear 28 square km of land of explosives, prior to constructing and opening the first well, and then restarting production on 20 September 2013. The Shell subsidiary had to develop a new approach for removing mines, involving the use of heavily-armoured bulldozers and loaders. During the site’s construction phase, over 12,000 items were cleared and destroyed using this technique.

Additionally, in order to circumvent the dangerous conditions, the super-major had to transport an initial 48,000 tonnes of steel via the Shatt al-Arab waterway, which had previously been closed to commercial transport for 31 years. Given these logistical constraints and the longer-than-expected delay in generating any revenue from the project – already fixed under the terms of the technical service contract (TSC) terms at a relatively tight per barrel fee of US$1.39 per barrel for the developers – there was much talk that the consortium at the time (SIPD 45%, Pet­ronas 35% and Iraq’s Missan Oil 20%) was in the process of renegotiating key parameters of the concession.

As it transpired, given the Iraqi view that the enormous reserves in situ and the low costs of recovery would more than offset any other con­siderations, negotiations were unsuccessful. The consortium moved quickly to boost output from the 46,000 barrels per day (bpd) level being produced when it took over in 2009. Within a very short timeframe from production re-commencing, the consor­tium managed to boost output to the 175,000 bpd first commercial production target (the threshold for cost-recovery payments for Shell), and by the end of the first quarter of 2014, the field had an average output of 210,000 bpd. As it stands, the field is now producing only marginally more, at 240,000 bpd.

Longer term, the original production tar­get figures for the Shell-led consortium still stand: the first production target of 175,000 bpd (already reached), and the plateau production for the site of 1.8 million bpd. The Iraq Ministry of Oil’s own latest target is for 450,000 bpd by the end of 2021. All things remaining equal, the International Energy Agency (IEA) maintains its projection for 700,000-1 million bpd at some point in the 2030s.

As it has transpired, the floods in March handed China ‘a deal of a lifetime’, according to Iraq oil industry sources. It is widely posited that much of the structural damage to the Majnoon area was caused by the erosion of subsoil across over one million hectares of forest and brush land in both sides of the region – Azadegan and Majnoon - by Iran’s Islamic Revolutionary Guard Corps (IRGC) as a result of extensive building programmes. Because of the geology of the region, Majnoon fared worse than its neighbouring Azadegan. Crucially, though, China is currently the lead operator of the North Azadegan field, and is in prime position in South Azadegan as well, so it is in a position to address the potential flooding problem across the entire region, covering both Iran and Iraq sides, and including widespread berm building and maintenance, and directing of water flows.

Partly because of this, China has been negotiating a deal with Iraq for one of its oil and gas entities (China National Offshore Oil Corporation is the one on the table currently) that involves a 25-year contract. However, the contract would officially start two years after the signing date, so allowing CNOOC to recoup more profits on average per year and less upfront investment, according to a senior Iraq source. The per barrel payments to China will be the higher of either the mean average of the 18 month spot price for crude oil produced, or the past six months’ mean average price.

It also involves at least a 10% discount to China for at least five years on the value of the oil it recovers. China, for its part will make good on the structural damage to the site and will increase output to at least 500,000 bpd by the end of May 2021.

“With the terms of the deal on the table, China would make between eight and nine billion dollars profit every year from Majnoon alone,” concluded the Iraq source.

https://www.zerohedge.com/geopolitical/china-just-got-handed-oil-deal-lifetime

[yota691]

Abdul-Mahdi: I will invite Chinese companies to work hard in the reconstruction of Iraq's infrastructure

 

Reconstruction and building Economy News _ Baghdad Prime Minister Adel Abdul Mahdi said on Friday that he would call on Chinese companies to contribute and work vigorously and effectively to rebuild Iraq and rebuild its infrastructure, vowing to facilitate and overcome "difficulties." "During our meetings, I will call on Chinese companies to contribute and work hard and effectively to rebuild Iraq and rebuild its infrastructure," Abdul-Mahdi said during his speech at the 2019 World Industrialization Conference in Hebei, China. Which object to this role and its details. " Abdul Mahdi pointed to "a central committee to ensure that these companies are suitable for the circumstances and opportunities," stressing "our goal in this to bring the desire of our two countries to work together to a high level of readiness and starting." Prime Minister Adel Abdul Mahdi attended the 2019 World Industrialization Conference, which began Friday, in the Chinese city of Hefei as a guest of honor at the invitation of his Chinese counterpart Li Qixiang, along with members of the Iraqi delegation of ministers, governors and advisors. Views: 30   Date Added: 20/09/2019

[yota691]

Abdul Mahdi calls on major Chinese and international companies to invest in Iraq everything

Date of edit:: 2019/20 10:57 • 297 times read

Prime Minister Adel Abdul Mahdi has called on major Chinese and international companies to invest in Iraq.

Abdul Mahdi said in his speech at the `` World Industrialization Conference 2019, '' in the city of Hefei, China, "for the kind invitation extended to us and the kind hospitality we received from the leaders of the party, government and popular in the city of Hefei. "Inside China and abroad, we wish you more brilliance, achievement and progress."
It is a great pleasure for me and the great Iraqi delegation coming from Mesopotamia to participate in this meeting which brings us together the sons of the Mesopotamian civilization with the sons of the ancient Chinese civilization, where together we have provided mankind with many achievements in various sciences and knowledge, and we communicate with you today to sustain cooperation and partnership to serve our Iraqi, Chinese and peoples. the whole world".
It is appropriate to shed some light on the importance of relations between the Republic of Iraq and the People's Republic of China, from its civilizational and humanitarian aspects that extend throughout the same history, as well as reflecting the current stage of certain aspirations to a fruitful strategic partnership, and to seek to embody the bonds of history and cohesion with cooperation based on constructive trust and desire Certainly in achieving what befits the convergence of the glory of the civilization of Mesopotamia, which provided humanity to write with the Chinese civilization with all its knowledge and knowledge.
The astonishing resilience of our people and their amazing will quickly took him out of the dark tunnel, and he never restored his legend as a giant spirit that always rises from the nations' republics, and the phoenix, which rises from the ashes every time.
It is not far from this picture that striking symmetry with the friendly China, for its part, through at least the first half of the twentieth century, of serious events and dangerous conditions, wars and devastating effects, but was able by the will and determination of its people, and the wisdom of its political, public and partisan leadership, to overcome this The calamities, and rise to China to put it in a very advanced status as a great nation, and a powerful economic power, and embodies this remarkable step exemplary.
What I have said now is to make it clear that Iraq needs more than ever to the momentum of its influential Asian and Chinese relations in particular in a direction that restores Iraq to its vital role, effective and influential, and to its people and dignified life, taking into account that the harsh conditions and the collapse of most of the infrastructure And the delay in the fields of development, calling for the convergence of our two countries in the campaign of advancement, which we strongly adopt.
The People's Republic of China, for its part, with its weight in major economic, industrial and other fields, and the Republic of Iraq, on the other hand, with all its promising and ambitious vitality and its natural and human resources, among them the desire of the two countries for cooperation and integration, and the rooting of partnership and progress, and its unique model.
Although our two countries have always achieved fruitful meetings on more than one occasion, we hope and hope that the leaderships of the two countries will fulfill on this occasion their most hopes related to real achievements in the land that benefit our two countries and peoples, and that the great march, this time, will be achieved together through the Belt and Road Initiative and the close link between the two countries. Near East and Middle East.
I would like to announce here that I will meet with President of the People's Republic of China Xi Jinping, Premier Li Ki-xiang and Chinese leaders to work hard to establish a strong platform for the common interests of both countries, benefiting from the sobriety and durability of China's industrial and technology sectors. In recent decades, we have established a firm presence in all fields of development and development, and it is our sincere desire to open the doors of investment and partnership in many fields.
Iraqis have begun a new era of stability, and the country is moving towards the reconstruction and the optimal investment of energies and human resources and natural, working on the land of Iraq thousands of companies, and compete for broad investment opportunities in all provinces, and we take this opportunity to extend the invitation to major Chinese and international companies to work and invest in Iraq In the sectors of energy, telecommunications, roads, dams, water, agriculture, industry, infrastructure and other fields supported by an encouraging legislative environment and safe conditions and aspires to provide jobs for thousands of citizens.
During my meetings, I will call on Chinese companies to contribute and work vigorously and effectively in the renaissance of Iraq and rebuild its infrastructure. We will ensure that we facilitate and overcome the difficulties that face this role and its details through a central committee that will ensure the appropriate conditions and opportunities for these companies.
The desire of our two countries to work together to a high level of readiness.
I reiterate my thanks to the people and people of the People's Republic of China and I can only conclude the 70th anniversary of the founding of the People's Republic of China.

[Butifldrm]

Parliamentary economist warns of obstacles to foreign investment companies

 September 20, 2019 - 5:23

 

0

 

 Number Of Hits: 36

  

BAGHDAD (Reuters) - Parliamentary Economy and Investment Committee warned on Friday of obstacles to providing a favorable environment for foreign investment companies in Iraq, noting that all countries view Iraq as a huge investment opportunity, as the prime minister's visit to China came in order to bring investment to Iraq Projects and companies. Committee member Nada Shaker Jouda said in a press statement that "the visit of Prime Minister Adel Abdul Mahdi to China came to participate in a huge industrial conference, where he went with a large number of personalities of the executive authority to open wider horizons in various fields with the Chinese side." She added that "China's economic development, has made Iraq go to it and not ditching to the West, in order to open the door to more than one hand and free from pressure." She pointed out that "China proposed to Iraq to establish pending ways to eliminate traffic congestion, where all countries view Iraq as a very large investment opportunity, and seeks to get investment inside." She explained that "investment companies are often affected by aversion to the presence in Iraq because of the deadly routine and unfair laws that stand behind corrupt hands prevent the success of investment projects." "The personalities who have gone to China will work for each of them to conclude contracts commensurate with their needs and competence in the field they are targeting."

https://sumer.news/ar/news/41794/الاقتصادية-النيابية-تحذر-من-عقبات-تقف-امام-الشركات-الاستثمارية-الاجنبية

[Butifldrm]

PM Olmert's Speech at the Global Industrialization Conference in Hebei, China

Written by: saadin:September 20, 2019In: Iraq NewsNo comments

 Print  Email

Alnoor News / Baghdad

Prime Minister Adel Abdul-Mahdi delivered a speech at the Global Industrialization Conference in the Chinese city of Hebei.

Word text:

Mr. Wang Yong, Honorable State Counselor
Ladies and Gentlemen, Organizers and Attendees

I am delighted to express our gratitude for the kind invitation extended to us and for the kind hospitality we received from the party, government and popular leaderships in the city of Hebei, and take this precious opportunity to express our fascination with this conference and its achievements and the high quality of its exhibitions and invited guests from inside and outside China and we wish you more brilliance and achievement and progress.

It is a great pleasure for me and the great Iraqi delegation coming from Mesopotamia to participate in this meeting which brings us together the sons of the Mesopotamian civilization with the sons of the ancient Chinese civilization, where we have presented to mankind many achievements in various sciences and knowledge, and we communicate with you today to sustain cooperation and partnership to serve our Iraqi, Chinese and peoples. the whole world .

It is appropriate to shed some light on the importance of relations between the Republic of Iraq and the People's Republic of China, from its civilizational and humanitarian aspects that extend throughout the same history, as well as reflecting the current stage of certain aspirations to a fruitful strategic partnership, and to seek to embody the bonds of history and cohesion with cooperation based on constructive trust and desire Certainly in achieving what befits the convergence of the glory of the civilization of Mesopotamia, which provided humanity to write with the Chinese civilization with all its knowledge and knowledge.

The astonishing resilience of our people and his amazing will quickly brought him out of the dark tunnel, and he never restored his legend as a giant spirit that always rises from the nations' republics, and like the phoenix, which rises from the ashes every time.

It is not far from this picture that striking symmetry with the friendly China, for its part, through at least the first half of the twentieth century, of serious events and dangerous conditions, wars and devastating effects, but was able by the will and determination of its people, and the wisdom of its political, public and partisan leadership, to overcome this The calamities, and rise to China to put it in a very advanced status as a great nation, and a powerful economic power, and embodies this remarkable step exemplary.

What I have said now is to make it clear that Iraq needs more than ever to the momentum of its influential Asian and Chinese relations in particular in a direction that restores Iraq to its vital role, effective and influential, and to its people and dignified life, taking into account that the harsh conditions and the collapse of most of the infrastructure And the delay in the fields of development, calling for the convergence of our two countries in the campaign of advancement, which we strongly adopt.

The People's Republic of China, for its part, with its weight in major economic, industrial and other fields, and the Republic of Iraq, on the other hand, with all its promising and ambitious vitality and its natural and human resources, among them the desire of the two countries for cooperation and integration, and the rooting of partnership and progress, and its unique model.

Although our two countries have always achieved fruitful meetings on more than one occasion, we hope and hope that the leaderships of the two countries will fulfill on this occasion their most hopes related to real achievements in the land that benefit our two countries and peoples, and that the great march, this time, will be achieved together through the Belt and Road Initiative and the close link between Near East and Middle East.

I would like to announce here that I will meet with President of the People's Republic of China Xi Jinping, Premier Li Ki-Xiang and Chinese leaders to work hard to establish a strong platform for the common interests of both countries, benefiting from the sobriety and durability of industrial and technological sectors. In recent decades, China has established a firm presence in all fields of development and development.

Iraqis have begun a new era of stability, and the country is moving towards the reconstruction and the optimal investment of energies and human resources and natural, working on the land of Iraq thousands of companies, and compete for broad investment opportunities in all provinces, and we take this opportunity to extend the invitation to major Chinese and international companies to work and invest in Iraq In the sectors of energy, telecommunications, roads, dams, water, agriculture, industry, infrastructure and other fields supported by an encouraging legislative environment and safe conditions and aspires to provide jobs for thousands of citizens

During my meetings, I will call on Chinese companies to contribute and work vigorously and effectively in the renaissance of Iraq and the reconstruction of its infrastructure.

http://alnoornews.net/archives/231932/نص-كلمة-رئيس-الوزراء-في-مؤتمر-التصنيع-ا/

[Butifldrm]

Iraq announces initiative from China to link the Near and Middle East

10:11 - 20/09/2019

0

 

  

Information / Baghdad ..

Prime Minister Adel Abdul Mahdi said on Friday that Iraq needs more than ever the momentum of its influential Asian and Chinese relations in particular in the direction that restores it, while referring to the Great March we will achieve together this time through the initiative "Belt and Road and the close link between the Near East and East Middle East. ”

Abdul Mehdi said in a speech at the 2019 World Industrialization Conference held in the city of Hebei, China, and was informed by the agency (information), “I am pleased and the large Iraqi delegation coming from Mesopotamia, to participate in this meeting, which we, the sons of Mesopotamia and the ancient Chinese civilization, Together, we have provided mankind with many achievements in various sciences and knowledge.

He added, " Iraq needs more than ever to the momentum of its influential Asian and Chinese relations in particular in a direction that restores Iraq's vital role, effective and influential, and to his people and his dignified life, taking into account that the harsh conditions and the resulting collapse of most structures "The delay in the fields of development calls for the convergence of our two countries in the campaign of advancement, which we strongly adopt."

He continued, "Although our two countries have always achieved fruitful meetings on more than one occasion, we hope and aspire that the leaderships of the two countries on this occasion will fulfill their most hopes related to real achievements on the ground to benefit our two countries and peoples." Belt and Road Initiative and the close link between the Near East and the Middle East

https://www.almaalomah.com/2019/09/20/429837/

[6ly410]

Iraqi PM in China on 7-day visit amid reconstruction efforts

 Kurdistan 24 |

8 hours ago

https://www.kurdistan24.net/en/news/ab780617-8cda-4cf6-8c5d-dff703d581b6

---

Iraqi Prime Minister, Adil Abdul Mahdi, during a press conference in Baghdad. (Photo: PM's office)

 

Iraq China Baghdad Beijing 

A+AA-

ERBIL (Kurdistan 24) – Iraqi Prime Minister Adil Abdul Mahdi on Thursday arrived in Hefei, China on an official visit to the country at the head of a large delegation.

He is accompanied by 55 high ranking individuals, including ministers, officials, and provincial governors and will remain in China until Sept. 24.

China is one of Iraq’s largest trading partners, from which it imports many products including electronics and construction material. In mid-April, a senior delegation from the ruling Communist Party of China (CPC) arrived in Baghdad and met with a number of Iraqi officials.

“China is the second largest economy in the world,” Abdul Mahdi said in a TV interview before his departure, adding, it “has great liquidity and advanced technology.”

The Prime Minister said, “We have dozens of joint projects with China on issues of armament, oil and others,” noting, “Iraq was the first to sign the draft Silk Road Agreement.”

Iraqi officials have previously called on China for support in the reconstruction of the country, which suffered much destruction during the so-called Islamic State’s takeover of a third of its land and the subsequent operations against the terrorist organization.

Abdul Mahdi said his visit to China would bring “positive results” and that Iraq would start “a speedy reconstruction of infrastructure” upon his return.

In an interview with the state-run al-Sabah news outlet on Wednesday, China’s ambassador to Iraq, Zhang Tao, said Abdul Mahdi’s visit would mark a new phase in bilateral ties.

Seemingly, China’s engagement would extend to areas of electricity, water purification, construction of schools, hospitals, housing units, as well as transportation-related projects, Tao said, adding that Chinese companies would prioritize services “urgently needed” by the Iraqi public.

The envoy also said that Beijing would incentivize more Chinese companies to enter the Iraqi market and help with reconstruction, as well as the training personnel in various fields.

[TexasMike1958]

China has been losing craploads of money because of US tariffs.  Now they play patty cake with Iraq.  They will rebuild the country, Iraq will ship them all the oil they need.  Do you think China is going to invest money with a country whose money isn't worth the price of a KitKat bar???  I think they are telling them to revalue their currency and then they will regain all the money they have lost from the tariffs and then some.  Any thoughts??? 

[8th ID]

18 minutes ago, TexasMike1958 said:

China has been losing craploads of money because of US tariffs.  Now they play patty cake with Iraq.  They will rebuild the country, Iraq will ship them all the oil they need.  Do you think China is going to invest money with a country whose money isn't worth the price of a KitKat bar???  I think they are telling them to revalue their currency and then they will regain all the money they have lost from the tariffs and then some.  Any thoughts??? 

You could be right. I was thinking the same.

[ChuckFinley]

20 minutes ago, TexasMike1958 said:

China has been losing craploads of money because of US tariffs.  Now they play patty cake with Iraq.  They will rebuild the country, Iraq will ship them all the oil they need.  Do you think China is going to invest money with a country whose money isn't worth the price of a KitKat bar???  I think they are telling them to revalue their currency and then they will regain all the money they have lost from the tariffs and then some.  Any thoughts??? 

 

2 minutes ago, 8th ID said:

You could be right. I was thinking the same.

They will need a currency that has value to repay loans and do business.

[boosterbglee]

The “Silk Road” is open for business!

[Chatrat]

It appears The Agreements were written to reflect US Dollars, 1 to 1??? .. Go RV!!