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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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Able to pay “bribes” .. a mystery that enabled Chinese companies to penetrate Iraq economically

rocky
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Able to pay “bribes” .. a mystery that enabled Chinese companies to penetrate Iraq economically Empty Able to pay “bribes” .. a mystery that enabled Chinese companies to penetrate Iraq economically

Post by rocky Tue 06 Dec 2022, 5:49 am

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[size=52]Able to pay “bribes” .. a mystery that enabled Chinese companies to penetrate Iraq economically[/size]

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The Sino-American conflict and attempts to impose influence in Iraq is not a hidden matter for observers and those interested in political and economic affairs, but the recent reports that spoke of a newly issued American warning of Chinese expansion in Iraq opened the doors of increasing interest by researchers towards this file, while he reviewed Specialists explain the reasons for China’s interest in Iraq and its ability to acquire and operate in various sectors in it, as this matter is due to “the ability of Chinese companies to pay money and bribes,” unlike Western companies.[/size]
[size=45]Experts assert that China has great influence in the Iraqi economic sector. While it imports one million barrels of oil per day from Iraq, it invests heavily in the Iraqi oil sector.[/size]
[size=45]Nabil Al-Marsoumi, professor of economics at the University of Basra, says, “There are American fears of increasing Chinese influence in Iraq after increasing the volume of trade exchange with Iraq to 40 billion dollars,” noting, “There has been a trade war between China and the United States since the time of Donald Trump until today, because the United States has Customs duties on a large number of Chinese goods to protect American goods for fear of Chinese goods invading American markets.[/size]
[size=45]Al-Marsoumi added, “Iraq is one of the most important economic countries in the Middle East region, and it is a focus of attention by China because it is the region in which American influence can be undermined,” noting that “Iraq is one of the most promising countries in energy production, and therefore China has entered strongly in this. The field is through the operation of giant Iraqi oil fields, which are West Qurna, Halfawiya, Al-Ahdab and Nissan, and the conclusion of other contracts such as the Hoveyza and Mansouriya gas fields and the strategic Al-Faw refinery.[/size]
[size=45]Diversified investments[/size]
[size=45]Al-Marsoumi explained that China does not only invest in the oil sector, but also in the gas sector through secondary contracting, so there is a large presence of China in Iraq, indicating that expectations estimate the volume of trade exchange between Iraq and China to reach 40 billion dollars, especially since Iraq is the third oil-exporting country to China after Russia and Saudi Arabia, as well as Iraq importing large goods from China.[/size]
[size=45]Al-Marsoumi added that China has large investments in Iraq in the field of construction, energy and infrastructure, and there is a fear of the expansion of Chinese influence in Iraq, especially in the field of energy, since Beijing buys the share of any foreign oil company that exits the oil market, and its companies have expressed their willingness to buy the share of “Exxon Mobil”. When it was offered for sale, pointing out that the Iraqi government rejected the Chinese offer for fear of expanding China’s influence more and for fear of Western companies’ reluctance to come to Iraq, as well as avoiding arousing fear of the United States, which considers Iraq a key player, especially in light of its location linking the continent of Asia and Europe. .[/size]
[size=45]He pointed out that China is ready to pay money to some parties, unlike Western companies that cannot operate away from transparency and in the absence of stability, stressing that there is a major Chinese incursion that raises the concerns of the United States and Westerners because the Chinese are the largest importing country of oil and import from 10 to 11 million barrels, and they care In Iraq because it can provide them with great resources in addition to the huge profits in the infrastructure sector.[/size]
[size=45]The director of the Republican Center for Strategic and Security Studies, Moataz Mohie Abdel Hamid, did not rule out the existence of Chinese intentions to establish a military base in the Middle East region to protect its interests in the region.[/size]
[size=45]He said, "China has great economic interests in Iraq, as it imports more than one million barrels per day of crude oil, in addition to establishing banking partnerships with it," adding that it has projects in Iraq to restore infrastructure and future projects to establish a railway that extends from China and then Iran to Iraq. and Syria, which is very oriented towards the Middle East.[/size]
[size=45]Abdel Hamid also did not rule out the existence of a Chinese tendency to establish a foothold for him in the Middle East to protect Beijing's interests in the region, including Iraq, and pointed out that the government of Muhammad Shia al-Sudani intends to build strategic relations with many countries, including China and Russia, and not rely solely on the United States for Developing the country's infrastructure.[/size]
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