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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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    Oil expert: We fear Chinese domination of the Iraqi oil industry, and the pursuit of direct national

    Rocky
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    Oil expert: We fear Chinese domination of the Iraqi oil industry, and the pursuit of direct national Empty Oil expert: We fear Chinese domination of the Iraqi oil industry, and the pursuit of direct national

    Post by Rocky Mon 30 May 2022, 9:05 am

    Oil expert: We fear Chinese domination of the Iraqi oil industry, and the pursuit of direct national production is underway
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    May 30, 2022
     
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    Baghdad - brother
    [rtl]The oil expert, Hamza Al-Jawahiri, confirmed today, Monday, that the fear of Chinese domination of the Iraqi oil industry pushed him towards Western companies. He indicated that Western oil companies are reticent about contracting projects, due to financial corruption.[/rtl]
    [rtl]Al-Jawahiri told Khabar Press, "Chinese technology is equivalent to what is available in Western companies, and these companies and laboratories in the West have transferred their factories to China, and the same is true of technology, just as China themselves have developed technology and there is no objection to Chinese technology."[/rtl]
    [rtl]He added that "the objection comes to the Chinese domination of the Iraqi oil industry, which is what Iraq fears, so it seeks to find Western and Eastern diversity in direct national production."[/rtl]
    [rtl]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."[/rtl]
    [rtl]He stressed that "hegemony is rejected, as the decision will depend on the interest of this state, especially as 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 a basket." one".[/rtl]
    [rtl]He pointed out that "contracting projects, whether investment or service, is open to all, and China is present in every competitive process."[/rtl]
    [rtl]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".[/rtl]
    [rtl]And the Iraqi Oil Minister, Ihsan Abdul-Jabbar, during his recent visit to France, had called on French oil companies specialized in reconstruction to contribute to projects to escalate production capacities, rehabilitate infrastructure, optimally invest in gas and renewable energy, and improve the oil working conditions and environment .[/rtl]
    [rtl]Abdul-Jabbar told Shafak News Agency; “Real investment that produces real value for the country, that develops society and people, and raises the level of work ethics, is what Western companies are doing .”[/rtl]
    [rtl]He added that "other companies are good at work, but they do not meet all these requirements," noting that "the ministry is trying to come up with the best companies capable of creating a social environment and good work and implement projects at the cheapest prices and the highest return ."[/rtl]
    [rtl]A number of Western companies, including Oxon Mobil, had hinted at selling their stakes in the main oil fields in Iraq, and this step raised the fear of the Iraqi government and the Ministry of Oil in light of measures that may negatively affect Iraqi oil production, while the Minister of Oil demanded the necessity of contracting with one of the American companies in the event of an exit. Any American company from the Iraqi oil fields .[/rtl]
    [rtl]Oil Minister Ihsan Abdul-Jabbar described last July 4, during his hosting by the House of Representatives, this step by companies that demanded to sell their shares, such as Lukoil and ExxonMobil, that the investment climate is not attractive in Iraq .[/rtl]
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