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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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    China's involvement in the Iraqi economy between occupation and benefits

    Rocky
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    • Post n°1

    China's involvement in the Iraqi economy between occupation and benefits Empty China's involvement in the Iraqi economy between occupation and benefits

    Post by Rocky Fri 31 Mar 2023, 4:46 am

    [size=45]China's involvement in the Iraqi economy between occupation and benefits
    18 hours ago[/size]

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    China has been increasingly involved in the Iraqi economy in recent years, especially in the energy sector, as China is the largest importer of crude oil from Iraq, and Chinese companies have been awarded many contracts to develop oil fields in the country.
    Chinese companies dominate the main economic sector in Iraq, namely oil, as they consume 40% of crude oil exports. Chinese companies also operate in many major sectors, including finance, transportation, construction, and communications.. Iraq also agreed with the Chinese company “Sinopec” to develop the Mansouriya gas field, which can produce up to 300 million cubic feet per day.
    Chinese companies have concluded several contracts to develop oil fields in Iraq, including the West Qurna 1, Halfaya and Al-Ahdab fields. China has also invested in Iraq's infrastructure, including the construction of the Karbala refinery, which is expected to process 150,000 barrels of crude oil per day, in addition to In addition, Chinese companies have been involved in building roads, bridges and other infrastructure projects.
    Some sources mentioned that Baghdad has expressed concern about China's control of Iraqi resources, but what is worrisome is that Iraq will turn into a puppet in Chinese hands in the near future, and that the only way to confront these efforts is through strengthening the United States' diplomatic and economic game.
    This means that Washington should "frame America's strategic competition with China in Iraq as an ideological competition between democracy and tyranny," and Washington must therefore make diplomatic and economic efforts to strengthen democracy in Iraq, in a way that contributes to strengthening its independence and sovereignty, and concluded by saying It is imperative for Washington to present itself to Iraq as "a more reliable, more supportive, and closer-minded partner."
    However, China's participation in the Iraqi economy has been criticized for its exploitation of Iraqi resources and workers. Where Chinese companies were accused of paying low wages and providing poor working conditions for Iraqi workers, as well as accusing them of not hiring a sufficient number of local workers, and their dependence on Chinese employees.
    Belt and Road
    Experts believe that China wants to compete with America and Europe and control the world economically, and this is one of its rights, and it has a huge cash block that can be used in giant and large projects to deliver its goods to Europe at the lowest costs, and the Silk Road is the best way to achieve these goals.
    And that China seeks to form highways that shorten distances and time and reduce risks, and therefore Iraq is considered the pivotal country in this matter, and there is a conflict between America and China over Iraq, and China sought to attract Iraq to participate in the Silk Road, especially since the great port of Faw is the main hinge in this project.
    In addition, Basra is a better main joint than Dubai, which confirms this fierce war between China, America and its allies over the issue of the great port of Faw.
    It is clear that Beijing's main goal in Iraq is the Silk Road, because oil can be taken by China from any other country, while the Belt Road project will greatly reduce transportation costs and reflect positively on Chinese goods exported to Europe, and the competition will be realistic.
    And on the Silk Road, Chinese ships come to the port of Faw and unload their cargo, and they are transported by rail, which is called the dry port, to the Mediterranean Sea or to Turkey, and there is great competition between countries to reap the fruits of this project.
    However, there remain some concerns and political repercussions, as some experts have raised concerns about China's growing influence in Iraq, which could undermine Iraq's sovereignty and political independence, giving China's interference in the Iraqi oil sector great influence over the Iraqi government.
    In conclusion..although the United States of America and Western countries have the first influence in Iraq, China is expanding in a deeper, complex and multi-faceted way through contracts and agreements that are not clear commercially and economically, which warns of danger that perhaps in the coming period will be more clear, which seems, It is useful, but in fact it is exploitation, and it also has negative consequences, such as the possibility of exploitation and the erosion of Iraq's sovereignty. Some specialized observers confirmed that China is working within an approach that reads in two ways. The apparent benefit is, but the real one is that there are a lot of exploitative practices and potential long-term repercussions for the future. Economic and political Iraq.
    Economic Studies Unit / North America Office
    Rawabet Center for Research and Strategic Studies
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