January 16, 2020
Resigned Prime Minister Adel Abdul-Mahdi during his visit to China in September 2019
- After nearly four months of its signing, renewed controversy recently over the economic agreement signed by Iraq with China at the end of last September, amid warnings by Iraqi experts and politicians that this agreement would mortgage the country's oil and jeopardize its economic future.
On the 25th of last September, the government of the future Prime Minister Adel Abdul-Mahdi announced the signing of eight agreements and memoranda of understanding in the fields of infrastructure, communications, industry, security and energy.
The announcement came after a huge Iraqi government delegation visited China, headed by Abdul-Mahdi, along with ministers, governors, and other officials.
Since then, the Iraqi government has not revealed the details of the controversial agreement, even to members of the Iraqi parliament.
Recently, the Parliamentary Energy and Energy Committee called for a copy of the agreement of understanding concluded between Iraq and China.
The president of the committee, Hebet Al-Halbousi, said in a statement on Wednesday that there is information about Iraq signing more than eight agreements and memoranda of understanding with China, whose value exceeds 500 billion dollars for the next ten years.
He added that "the agreement includes China lending the Iraqi government more than hundreds of billions of dollars on the condition of guaranteeing and mortgaging Iraqi oil for the next 50 years to pay off the loan with the benefits it entails."
He continues that "this agreement will jeopardize the economy of Iraq and the future of its future generations if these provisions are proven in the agreement that was signed."
Such fateful agreements must pass through the Iraqi parliament, according to MP Muhammad Iqbal, who also called for a copy of them to be sent to members of the House of Representatives for their information.
Iqbal said in a tweet that "hiding the documents in this way enhances our bleak expectations about this agreement," which he indicated that some ministers in the current government had not seen.
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