[size=52]An American report: It seeks to revive the "Belt and Road" ... China is expanding in Iraq[/size]
[size=45][You must be registered and logged in to see this image.][/size]
[size=45]A US report, Friday, shed light on China's efforts to acquire strategic projects in Iraq over the past few years, whether related to the energy sector or infrastructure, to housing projects and others.[/size]
[size=45]According to the American "Al-Hurra" website, these endeavors are considered preliminary steps aimed at strengthening its political and economic influence in this country, in order to enable it to achieve its main goal of reviving the "Belt and Road" project.[/size]
[size=45]And last Tuesday, the Iraqi Oil Ministry announced that the Chinese Sinopec Company had won a deal to develop the Iraqi Mansuriyah gas field near the Iranian border.[/size]
[size=45]Before that, reports spoke of Chinese companies ’intention to buy Exxon Mobil’s oil company’s stake in the giant West Qurna field in Basra.[/size]
[size=45]The "Belt and Road" initiative, announced by China years ago, includes huge global projects embodied in ports, railways and industrial complexes, extending throughout Asia, Africa, the Middle East and Europe. Beijing says it will invest trillions of dollars in linking China and Europe via the shortest path.[/size]
[size=45]Iraq, by virtue of its geographical location, is one of the most important incomplete links in this vital project for China, given that the time period for the arrival of Chinese goods to Europe will be reduced by almost half, unless Iraq is included in the project.[/size]
[size=45]"China believes that Iraq is a strategic place that can contribute to the success of its ambitious project on the Silk Road," said former deputy and independent politician from Basra Governorate, Wael Abdul Latif.[/size]
[size=45]And Abdul Latif says, "The Faw port is one of the pillars of this project, as China believes, which has tried by various means to acquire its development projects, because it means that it will own the land transport lines that connect the region with Syria, Turkey, and then Europe."[/size]
[size=45]In the end, China was unable to reach the port of Al-Faw, after the Iraqi government decided to award the project to the South Korean company Daewoo, which had earlier started development work.[/size]
[size=45][You must be registered and logged in to see this image.][/size]
[size=45]In the opinion of economic analyst Amer Al-Jawahiri, that «the increasing influence of China or not depends mainly on the decision-maker in Iraq».[/size]
[size=45]He adds that only the decision maker can determine that influence, by reaching agreements that prioritize the country's interests.[/size]
[size=45]Abd al-Latif believes that the failure to assign the Faw port project to China was a severe blow to its efforts and the efforts of the Iraqi political forces close to Iran, which were trying to win over Beijing and Tehran through the Faw port project.[/size]
[size=45]Nevertheless, it appears that China has alternative plans to gradually increase its presence in Iraq, as it has done with other countries such as Pakistan and many African countries.[/size]
[size=45]The plan is to win over the people, according to Abdel-Latif, by starting energy, oil and gas projects, and other service projects, in order for it to "penetrate into other areas."[/size]
[size=45]The independent Iraqi politician affirms that "China has established its presence in Iraq through projects in the oil sector. It is also trying to transform the Fao district overlooking the Gulf into a major industrial zone through which it is linked with the countries of the world.[/size]
[size=45]Abdul Latif believes that oil in itself is not the goal of Beijing. Rather, "China has a greater ambition than oil, although it is a very important wealth, but the projects planned in Iraq are much larger, given that oil is expected to run out in the coming years."[/size]
[size=45]And Abdul Latif continues, "China will not leave Iraq, because it had a foothold in it before 2003, through oil projects in the middle of the country, and it currently has several completed projects in Iraq, as it has obtained new projects and aspires for more."[/size]
[size=45]Last December, it was reported that Iraq was preparing to sign a multi-billion dollar deal with the Chinese Zhenhua Oil Company, under which Baghdad would get cash to help it in its financial distress in exchange for long-term oil supplies.[/size]
[size=45]Bloomberg said at the time that the deal is the latest example of China, through commercial companies and state-controlled banks, lending struggling oil producers such as Angola, Venezuela and Ecuador in exchange for repayment in barrels of oil.[/size]
[size=45]Before that, China tried in 2019 to activate a memorandum of understanding signed with the Iraqi government in 2015, within the framework of what was known at the time as the "economic agreement", but the move was met with controversy and wide warnings by experts and observers that the deal could lead to the mortgage of the country's oil. And his economic future is in jeopardy.[/size]
[size=45]Economic analyst Amer Al-Jawahiri believes that it is not shameful for Iraq to open up to China, the United States, South Korea, France, Japan, Germany, the Gulf and even Iran, but on the condition that the main criterion in this is the supreme interest of Iraq.[/size]
[size=45]On September 25, 2019, the government of resigned 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.[/size]
[size=45]The announcement came after a huge Iraqi government delegation visited China headed by Abdul Mahdi, along with ministers, governors and other officials.[/size]
[size=45]But a wide debate arose about this agreement as a result of the ambiguity that marred it and the Iraqi government’s failure to announce its terms or details of the projects that Chinese companies intend to undertake in Iraq.[/size]
[size=45]Doubts about this agreement increased as a result of Iraqi forces close to Iran campaigning on social media and its media channels to promote the importance of the agreement with China and the tremendous positive effects that could be reflected on Iraq if it went ahead with its implementation.[/size]
[size=45]At the time, they talked about huge projects worth about 500 billion, including projects to build millions of housing units, schools, hospitals, highways, strategic factories and others, in return for exporting 100,000 barrels of Iraqi oil per day to China for a period of 20 years.[/size]
[size=45]Also that year, the resigned Iraqi Prime Minister, Adel Abdul-Mahdi, announced from Beijing that his country would join China's massive infrastructure project, known as the "Belt and Road" initiative.[/size]
[size=45]The Chinese "Belt and Road" project has faced several criticisms for its accumulation of debts on poor countries, while it raises concern in Washington, which sees it as an attempt by China to expand its influence.[/size]
[size=45]Along with the United States, India, Japan, Australia and most of Western Europe have voiced skepticism about the plan.[/size]
[size=45]And last February, US President Joe Biden suggested that "democratic" countries launch a competing initiative for the Chinese "Belt and Road" project to invest in infrastructure, at a time when tensions are escalating between the Asian giant and Western countries.[/size]
[size=45]Opponents of the plan, launched six years ago, argue that its goal is to increase Beijing's global influence through vague deals in support of Chinese companies, while burdening the countries concerned with debt and environmental damage.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=45][You must be registered and logged in to see this image.][/size]
[size=45]A US report, Friday, shed light on China's efforts to acquire strategic projects in Iraq over the past few years, whether related to the energy sector or infrastructure, to housing projects and others.[/size]
[size=45]According to the American "Al-Hurra" website, these endeavors are considered preliminary steps aimed at strengthening its political and economic influence in this country, in order to enable it to achieve its main goal of reviving the "Belt and Road" project.[/size]
[size=45]And last Tuesday, the Iraqi Oil Ministry announced that the Chinese Sinopec Company had won a deal to develop the Iraqi Mansuriyah gas field near the Iranian border.[/size]
[size=45]Before that, reports spoke of Chinese companies ’intention to buy Exxon Mobil’s oil company’s stake in the giant West Qurna field in Basra.[/size]
[size=45]The "Belt and Road" initiative, announced by China years ago, includes huge global projects embodied in ports, railways and industrial complexes, extending throughout Asia, Africa, the Middle East and Europe. Beijing says it will invest trillions of dollars in linking China and Europe via the shortest path.[/size]
[size=45]Iraq, by virtue of its geographical location, is one of the most important incomplete links in this vital project for China, given that the time period for the arrival of Chinese goods to Europe will be reduced by almost half, unless Iraq is included in the project.[/size]
[size=45]"China believes that Iraq is a strategic place that can contribute to the success of its ambitious project on the Silk Road," said former deputy and independent politician from Basra Governorate, Wael Abdul Latif.[/size]
[size=45]And Abdul Latif says, "The Faw port is one of the pillars of this project, as China believes, which has tried by various means to acquire its development projects, because it means that it will own the land transport lines that connect the region with Syria, Turkey, and then Europe."[/size]
[size=45]In the end, China was unable to reach the port of Al-Faw, after the Iraqi government decided to award the project to the South Korean company Daewoo, which had earlier started development work.[/size]
[size=45][You must be registered and logged in to see this image.][/size]
[size=45]In the opinion of economic analyst Amer Al-Jawahiri, that «the increasing influence of China or not depends mainly on the decision-maker in Iraq».[/size]
[size=45]He adds that only the decision maker can determine that influence, by reaching agreements that prioritize the country's interests.[/size]
[size=45]Abd al-Latif believes that the failure to assign the Faw port project to China was a severe blow to its efforts and the efforts of the Iraqi political forces close to Iran, which were trying to win over Beijing and Tehran through the Faw port project.[/size]
[size=45]Nevertheless, it appears that China has alternative plans to gradually increase its presence in Iraq, as it has done with other countries such as Pakistan and many African countries.[/size]
[size=45]The plan is to win over the people, according to Abdel-Latif, by starting energy, oil and gas projects, and other service projects, in order for it to "penetrate into other areas."[/size]
[size=45]The independent Iraqi politician affirms that "China has established its presence in Iraq through projects in the oil sector. It is also trying to transform the Fao district overlooking the Gulf into a major industrial zone through which it is linked with the countries of the world.[/size]
[size=45]Abdul Latif believes that oil in itself is not the goal of Beijing. Rather, "China has a greater ambition than oil, although it is a very important wealth, but the projects planned in Iraq are much larger, given that oil is expected to run out in the coming years."[/size]
[size=45]And Abdul Latif continues, "China will not leave Iraq, because it had a foothold in it before 2003, through oil projects in the middle of the country, and it currently has several completed projects in Iraq, as it has obtained new projects and aspires for more."[/size]
[size=45]Last December, it was reported that Iraq was preparing to sign a multi-billion dollar deal with the Chinese Zhenhua Oil Company, under which Baghdad would get cash to help it in its financial distress in exchange for long-term oil supplies.[/size]
[size=45]Bloomberg said at the time that the deal is the latest example of China, through commercial companies and state-controlled banks, lending struggling oil producers such as Angola, Venezuela and Ecuador in exchange for repayment in barrels of oil.[/size]
[size=45]Before that, China tried in 2019 to activate a memorandum of understanding signed with the Iraqi government in 2015, within the framework of what was known at the time as the "economic agreement", but the move was met with controversy and wide warnings by experts and observers that the deal could lead to the mortgage of the country's oil. And his economic future is in jeopardy.[/size]
[size=45]Economic analyst Amer Al-Jawahiri believes that it is not shameful for Iraq to open up to China, the United States, South Korea, France, Japan, Germany, the Gulf and even Iran, but on the condition that the main criterion in this is the supreme interest of Iraq.[/size]
[size=45]On September 25, 2019, the government of resigned 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.[/size]
[size=45]The announcement came after a huge Iraqi government delegation visited China headed by Abdul Mahdi, along with ministers, governors and other officials.[/size]
[size=45]But a wide debate arose about this agreement as a result of the ambiguity that marred it and the Iraqi government’s failure to announce its terms or details of the projects that Chinese companies intend to undertake in Iraq.[/size]
[size=45]Doubts about this agreement increased as a result of Iraqi forces close to Iran campaigning on social media and its media channels to promote the importance of the agreement with China and the tremendous positive effects that could be reflected on Iraq if it went ahead with its implementation.[/size]
[size=45]At the time, they talked about huge projects worth about 500 billion, including projects to build millions of housing units, schools, hospitals, highways, strategic factories and others, in return for exporting 100,000 barrels of Iraqi oil per day to China for a period of 20 years.[/size]
[size=45]Also that year, the resigned Iraqi Prime Minister, Adel Abdul-Mahdi, announced from Beijing that his country would join China's massive infrastructure project, known as the "Belt and Road" initiative.[/size]
[size=45]The Chinese "Belt and Road" project has faced several criticisms for its accumulation of debts on poor countries, while it raises concern in Washington, which sees it as an attempt by China to expand its influence.[/size]
[size=45]Along with the United States, India, Japan, Australia and most of Western Europe have voiced skepticism about the plan.[/size]
[size=45]And last February, US President Joe Biden suggested that "democratic" countries launch a competing initiative for the Chinese "Belt and Road" project to invest in infrastructure, at a time when tensions are escalating between the Asian giant and Western countries.[/size]
[size=45]Opponents of the plan, launched six years ago, argue that its goal is to increase Beijing's global influence through vague deals in support of Chinese companies, while burdening the countries concerned with debt and environmental damage.[/size]
[size=45][You must be registered and logged in to see this link.]
Today at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Today at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Today at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Today at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Today at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Today at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Today at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Today at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Today at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Today at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Today at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Today at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Today at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Today at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Today at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Today at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Today at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Today at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Today at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Today at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Today at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Today at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Today at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Today at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Today at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Today at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Today at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Today at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Today at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Today at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Today at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Today at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Today at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Today at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Today at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Today at 6:56 am by Rocky
» Electronic payment is sustainable growth
Today at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Today at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Today at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Today at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Today at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Today at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Today at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Today at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Today at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Today at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Today at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Today at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Today at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Today at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Today at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Today at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Today at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Today at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Today at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Today at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Today at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Today at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Today at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Today at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Today at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Today at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Today at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Today at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Today at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Today at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Today at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Today at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Today at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Today at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Today at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Today at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Today at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Today at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Today at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Today at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Today at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Yesterday at 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Yesterday at 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Yesterday at 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Yesterday at 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Yesterday at 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Yesterday at 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Yesterday at 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Yesterday at 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Yesterday at 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Yesterday at 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Yesterday at 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Yesterday at 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Yesterday at 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Yesterday at 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Yesterday at 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Yesterday at 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Yesterday at 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Yesterday at 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Yesterday at 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Yesterday at 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Yesterday at 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Yesterday at 7:12 am by Rocky