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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq begins depositing money with China and increasing its oil exports to it

    Rocky
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    • Post n°1

    Iraq begins depositing money with China and increasing its oil exports to it Empty Iraq begins depositing money with China and increasing its oil exports to it

    Post by Rocky Wed 08 Jan 2020, 2:00 pm

    Iraq begins depositing money with China and increasing its oil exports to it

    •  Time: 1/8/2020 7:29 PM
       
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    {Baghdad: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said that Iraq started working on two vital projects in the oil and energy sectors within the agreement signed with the Chinese side.
    Saleh said in a dialogue held in cooperation with the Iraqi Economic and Political Center, that "the agreement entered into force as of October 1 and since the beginning of this year, nearly half a billion dollars has been entered into the balance of the sovereign account of Iraq with China."
    He pointed out that "these revenues result from the export of 100 thousand barrels per day and will be spent to finance infrastructure projects in Iraq."
    The financial advisor emphasized that "Iraq started work on two projects within the Chinese agreement, namely; building a project for a thermal power station in northern Baghdad with a capacity of 1400 megawatts and a project for strategic oil storage in southern Iraq."
    He pointed out that the agreement with China extends for 20 years to rebuild dilapidated infrastructure in Iraq.
    And Saleh continued that Iraq is likely to raise its oil exports to China to 300 thousand barrels per day instead of 100 thousand b / d if he sees his interest as necessary.
    On September 23, Iraq and China signed eight agreements and memoranda of understanding. The agreements and memoranda of understanding included the financial, commercial, and security fields, construction, communications, culture, education and foreign affairs.  
    In the forefront of the agreements and memoranda of understanding signed, the agreement to implement the framework agreement mechanisms between the Ministry of Finance and the Chinese Credit Guarantee Agency (Sainh Shore), the agreement on economic and technical cooperation, a memorandum of understanding between the Iraqi Ministry of Finance and the Chinese Ministry of Trade on cooperation for post-war reconstruction in Iraq, and a memorandum of understanding between The Ministry of Communications and the Chinese Office of Satellite Navigation, a security memorandum of understanding between the Iraqi Ministry of Interior and General Security in China, and a memorandum of understanding between the Iraqi and Chinese foreign ministries regarding the lands designated for the two diplomatic missions And a memorandum of understanding between the Ministry of Higher Education and the Information Office of the State Council to establish a Chinese library at the University of Baghdad, and a memorandum of understanding for cooperation program Executive Althagava.anthy


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