Iraq Seals Major Oil Deal with Chinese Company

Iraq Seals Major Oil Deal with Chinese Company

Iraq’s government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. Per an AFP report, the deal will also involve the construction of a petrochemicals facility and a fertilizer plant. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily. One of the power plants will have a capacity of 650 MW and the other, a solar power fac…

Iraq Seals Major Oil Deal With Chinese Company

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Iraq signs mega-energy deal with Chinese oil firm

Iraq signed a major energy deal on Wednesday with a Chinese petrol company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent years, becoming a major player across various sectors and now one of the largest importers of Iraqi crude. Iraq's Oil Minister Hayan Abdel Ghani announced in a statement the signing of the mega-project …

Iraq Seals Major Oil Deal With Chinese Company – altnews.org

By Irina Slav of OilPrice.com Iraq’s government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the

Iraq signs another major integrated energy deal

Basra's Tuba oil field is the centerpiece of a Chinese-Iraqi consortium's mega-deal that includes upstream, refining, petrochemicals, and power generation.

Iraq awards major oil deal to Chinese company Geo-Jade

Geo-Jade and Crescent to partner Developing oilfield near Basra Refinery and power plants planned Iraq’s oil minister Hayan Abdel Ghani on Wednesday signed a large contract with a Chinese company and its local partner to develop an oilfield in the south of the country and build a refinery, a petrochemical complex and two power plants, according to the state press agency. Geo-Jade, the Chinese company, and the local company Crescent Basra signed …