Saleh: The China agreement does not mortgage oil and can be canceled at any time Iraq wants
13:40 - 01/15/2020
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The chief adviser to the Iraqi government for financial and economic affairs, and one of the negotiators in the Iraqi-Chinese agreements, the appearance of Mohammed Saleh, said on Wednesday that the China agreement does not mortgage Iraqi oil for many years as it is rumored, while it is possible to cancel it at any time [You must be registered and logged in to see this link.] wants .
"The agreement between China and Iraq is technical, and we are surprised by the chaos of the current analyzes of economists and politicians alike. We know that an agreement with a country like China is a strong competitor to the United States in [You must be registered and logged in to see this link.] raises Controversy also, but this does not mean that it is politicized.
Saleh added, “The agreement includes allocating export revenues of 100,000 barrels of total [You must be registered and logged in to see this link.] exports[You must be registered and logged in to see this link.] China’s daily turnover of around 850,000 barrels for reconstruction projects, which is the start of Chinese companies entering the reconstruction of dilapidated infrastructure. ”
He continued, "All oil revenues go to the operational budget, while this is an opportunity to allocate a portion of the revenues well to reconstruction and construction." He stressed that "the issue of mortgaging Iraqi oil for many years, as some warn and heard about the past two days, is incorrect, there is a clause in the agreement that enables Cancel it any time you want, it is an aid agreement from China as a friendly country to [You must be registered and logged in to see this link.] .
He believed that "there are no fears of any US economic or other sanctions, in light of the application of this agreement, because the American side has nothing to do with this file, so we have not heard that there are American objections or warnings about the agreement or its application," noting that "there is an intention in The future, if Chinese projects succeed, is to allocate 300,000 barrels of oil a day for reconstruction projects, instead of the current 100,000 barrels. Ended / 25