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Experts: China will need Iraqi oil until 2060
11:01 - 10/02/2020
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The information / Baghdad ..
The advisor to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, confirmed on Monday that the experts' estimates indicate that China will need Iraqi oil until the year 2060, while he pointed out that the Chinese agreement covers many areas.
"The agreement with the major Chinese companies includes many fields, including dams, water, agriculture and infrastructure, and these companies will provide thousands of job opportunities for the Iraqis," Saleh said in statements followed by the information.
He explained, “ [You must be registered and logged in to see this link.] China signed the Memorandum of Understanding, as the Iraqi Ministry of Finance was the party signed by [You must be registered and logged in to see this link.] , the Chinese Warranty Agency on 11-5-2018, and the Cabinet approved this, and this agreement was followed by the signing of a supplement in exchange for the export of 100,000 Iraqi oil barrels. To China. ”
Saleh pointed out that "Iraqi oil exports to China amount to 22 percent, and China is the number one importer of oil from [You must be registered and logged in to see this link.] , so [You must be registered and logged in to see this link.] is a true partner to China," stressing that "China needs Iraqi oil until 2060, according to an expert assessment." Ended / 25
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