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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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    Chinese companies pay bribes in Iraq.. The mystery of insisting on Iraqi oil in exchange for the “co

    Rocky
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    Chinese companies pay bribes in Iraq.. The mystery of insisting on Iraqi oil in exchange for the “co Empty Chinese companies pay bribes in Iraq.. The mystery of insisting on Iraqi oil in exchange for the “co

    Post by Rocky Mon 30 May 2022, 9:01 am


    [size=30]Chinese companies pay bribes in Iraq.. The mystery of insisting on Iraqi oil in exchange for the “coolness” of Western companies

    2022-05-30
    [/size]
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    Yes Iraq: Baghdad

    Indicators confirm the Chinese insistence and rush to invest in the Iraqi oil fields, offset by the “coolness” of Western companies and attempts to withdraw, which requires explanations to understand what is happening, and while reports indicated that Chinese companies do not seek big profits in Iraq as much as they seek to ensure the flow of oil supplies to China, Another explanation is related to the ability of Chinese companies to “keep up with corruption and pay bribes,” in contrast to Western companies that may be subject to sanctions in their countries if they commit any of these violations in Iraq.
    Oil expert Hamza Al-Jawahiri says that “Chinese technology is equivalent to what exists in Western companies, and these companies and laboratories in the West have transferred their factories to China, as well as the case with technology, just as China themselves have developed technology and there is no objection to Chinese technology.”
    He added, "The objection comes to the Chinese domination of the Iraqi oil industry, which is what Iraq fears. Therefore, it seeks to find Western and Eastern diversity in direct national production."
    Al-Jawahiri indicated that "Iraq refuses to have a hegemony of one party at the expense of another and seeks to find a balance between the West and the East."
    He stressed that "hegemony is rejected, as your decision will depend on the interest of this state, especially since we are talking about major development projects whose costs range from 6 to 12 billion dollars and more, and these decisions affect sovereignty and therefore countries avoid placing their eggs in one basket."
    He pointed out that "contracting projects, whether investment or service, is open to all, and China is present in every competitive process."
    Al-Jawahiri added, "Western companies are reticent about obtaining projects in Iraq because of financial corruption because they are held accountable in their countries if they are involved in paying bribes and are included in the blacklist, unlike Chinese or eastern companies in general with the exception of Japanese companies, and therefore they get great opportunities in Iraq."
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