Five Issues That Summarize The Motives Behind China’s Interest In Ira
Economic Last update 01/16/2022 | 4:13 pm Information / Baghdad.
On Sunday, the economist Nabil Al-Marsoumi, in a Facebook post seen by / the information, attributed the motives of Chinese interest in Iraq to five issues related to the Belt and Road project and the future of energy, as well as the Sino-American conflict.
Pressure On Washington
The economist considers that “the Chinese interest in promoting trade exchange with Iraq is due to Beijing’s targeting of its relations with Iraq as a pressure card on Washington, especially in light of the American military presence there, which made it an arena prepared to pressure the United States by establishing economic relations with Baghdad that allow In the future, it will have political influence over the Iraqi political elites and promote options that affect US-Iraqi relations.”
Belt and Road Project
On the other hand, Al-Marsoumi affirms that “the strategic importance of Iraq lies in its geographical location, which is located in the heart of the Middle East, which is a contact area and the confluence of the continents of the ancient world, and makes this location of Iraq the focus of the direction and attention of Chinese policy.
The division adopted by the Chinese policy of countries places Iraq It is in an important position in its political and strategic priorities for many considerations, including:
its geographical location,
Iraq’s enormous wealth
its strategic location in the continent of Asia, and the
possibility of an influential Iraqi role in regional policies in the future.”
Oil Exports
With regard to oil, the economist pointed out that “Beijing is seeking to increase its investments in the field of energy in Iraq, as the Iraqi Ministry of Oil announced in April 2018 that the Chinese company UGE had obtained a contract to develop the Sinbad exploratory patch in Basra.
Geo Jaid also acquired two contracts for the development of Naft Khana and Al-Hawizeh in Maysan Governorate.
He pointed out that “in April 2018, Iraq signed a contract with the Chinese companies “Power China” and “Norinco International” to build an oil refinery with a production capacity of 300,000 barrels per day in the Faw port overlooking the Gulf, and therefore
China seeks to invest in international oil fields, including the fields Iraqi oil companies, as
Chinese companies own different stakes in five of the Iraqi oil fields under the first and second oil licensing rounds.
China is also interested in buying the shares of the US Exxon Mobil and Lukoil of Russia in the West Qurna 1 and 2 fields.
He considered that “Chinese companies’ chances of obtaining oil contracts in Iraq are increasing, as a result of their willingness to negotiate flexible and conclude contracts on concessional terms compared to others with the International Oil Company.”
Market For Chinese Products
The Iraqi market, according to al-Massoori, is “close to China compared to European and American markets, and Iraq has turned into one of the largest importers of Chinese products after 2003, especially with the deterioration of the purchasing power of Iraqi citizens, and their inability to obtain high-cost imported products.”
Support China’s Standing
The economist believes that “Beijing seeks to influence various regional and international issues and events, in addition to securing the energy sources necessary for the continuation of its economic growth, which is linked to achieving stability in countries such as Iraq.”
He pointed out that “some analysts believe that Beijing is taking the economy as an entrance to the future impact on the political situations and interactions in Iraq,” noting that “the Chinese strategy towards Baghdad is based on the need to develop strategic relations with regionally important countries, including Iraq, which could play a future regional role. in the East” https://almaalomah.me/2022/01/16/576875/
In Parliament .. Al-Maliki Meets With Representatives Of The State Of Law Coalition
Political | 06:23 – 16/01/2022 Baghdad – Mawazine News On Sunday, the leader of the State of Law coalition, Nuri al-Maliki, held a meeting with the State of Law bloc at the Parliament headquarters in the capital, Baghdad.
According to a statement by al-Maliki’s office, Mawazine News received a copy of it, a number of political and security files were discussed and discussed in the meeting, as well as the events that accompanied the first session of the House of Representatives in its fifth session.
Al-Maliki stressed the importance of cooperation and work with all national forces within the parliament, overcoming all differences, and moving away from the charged atmosphere and tensions, reiterating the position of the State of Law coalition rejecting the recent attacks against the headquarters of political parties and diplomatic missions, adding that these criminal attacks do not want stability in Iraq.
Al-Maliki indicated that the forces of the coordination framework are unified and continuous in their dialogues with the remaining political movements and forces, with the aim of strengthening the bonds of trust between the political partners, in order to unify efforts in achieving common national goals, and form a consensual government capable of meeting the aspirations of the Iraqi people. Ended 29/R77
https://www.mawazin.net/Details.aspx?jimare=181820
Trade: Establishing 2,400 National Companies And Registering 97 Foreign Company Branches During 2021
Economie| 12:52 – 16/01/2022 Baghdad – Mawazine News The Ministry of Commerce announced, on Sunday, that the cadres of the Companies Registration Department completed the transactions of establishing 2,400 national companies and registering 197 foreign company branches, with 12 leases granted to practice commercial agency business and the registration of 16 commercial agencies during the past year.
The director general of the department, Mujahid Muhammad Shafi Al-Aifan, said in a statement received by Mawazine News that “the department issued several decisions during the past year related to amending the contracts of joint-stock companies, increasing and decreasing the capital, merging company accounts and liquidating company accounts.”
Al-Aifan pointed out, “Also, 2520 registered companies were documented, records were registered, and 2,697 Iraqi companies and 234 foreign companies were referred to the judicial investigator for violating controls and instructions.”
He added, “The department has studied the final accounts of the 13,271 national companies, 388 foreign companies, the head office, and 1197 foreign companies branch, in addition to merging the accounts of 263 and deciding to increase or decrease the capital of 408 companies, liquidate the accounts of 151 companies, register reservations, and verify the names of their seized money. For 3754, auditing 54,337 receipts, and ratifying the decisions of the General Authority for Limited Companies and Persons 9044.
He pointed out that “his department ratified the minutes of the founding meetings of the limited companies, which numbered 2471 minutes, in addition to ratifying the minutes of the meetings of the General Assembly of joint-stock companies 135, and archiving documents of 7052 files.”
https://www.mawazin.net/Details.aspx?jimare=181779
Within The Electronic Automation Project.. The Industry Announces The Connection Of 5 Laboratories
Economie| 03:37 – 16/01/2022 Baghdad – Mawazine News The Ministry of Industry announced, on Sunday, the training of 400 users on the electronic automation project, while referring to linking five laboratories with companies within the project.
The ministry’s media center said to the official news agency, “The ministry has contributed greatly to the automation process and the transition to electronic governance, as servers for the automation process have been configured and programmed, large data storage devices have been created, and the ministry’s headquarters and departments have been linked,” noting that “400 users were trained at the Ministry’s headquarters and the electronic messaging process was implemented within the General Company for Electronic Systems.”
And he continued, “More than five laboratories affiliated with the Iraqi Cement Company have been linked, data gathering of more than ten companies has been established, workflow plans have been drawn up, general frameworks have been set in linking the companies’ headquarters with their affiliated factories, and purchase orders have been prepared for the devices required in the implementation of the project.” Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=181797
Learn About Iraq’s Ranking In The List Of The Largest Oil Reserves In The World
Economie| 09:13 – 16/01/2022 Follow-up – Mawazine News, a statistic for CNBC Economic News showed, on Sunday, that Iraq occupies the fifth place with the largest oil reserves in the world in the year 2021.
The network stated in the statistics seen by / Mawazine News, that “Venezuela ranked first as the largest country with oil reserves. With 303.8 billion barrels, followed by Saudi Arabia with 258.6 billion barrels, then Iran 208.6 billion barrels,” noting that “Canada ranked fourth with 170.3 billion barrels, while Iraq ranked fifth with 145.2 billion barrels.”
Iraq is the second largest producer and exporter of oil in the Organization of Petroleum Exporting Countries, as its production rate during the month of December reached 4.310 million barrels per day, while the rate of exports reached 3.677 million barrels per day. Ended 29/A 4
Masrour Barzani And Richardson Call For An Iraqi Government That Works To Solve The Problems Between Baghdad And Erbil
Posted On 2022-01-16 By Sotaliraq On Sunday, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, and the British Ambassador to Iraq, Mark Bryson Richardson, stressed the importance of forming an Iraqi government that works to solve the outstanding problems between the Kurdistan Region and the federal government on the basis of the constitution.
This came during Barzani’s reception of the British ambassador in a meeting attended by the British Consul General in the Kurdistan Region, David Hunt, according to a statement received by Shafaq News Agency.
During the meeting, they “discussed the latest developments in Iraq after the election of the Presidency of the House of Representatives and the efforts made to form a new Iraqi government.”
The two sides stressed “the importance of forming a government that serves all Iraqi citizens and components, and works to solve the outstanding problems between the Kurdistan Region and the federal government on the basis of the constitution.”
In another aspect of the meeting, the issue of migrants was discussed with reference to the need for coordination between the relevant institutions of the Kurdistan Regional Government and the British government, especially in combating organized crime and putting an end to illegal immigration.
The two sides also dealt with the reforms undertaken by the regional government, in addition to ways to strengthen bilateral relations, especially in the field of investment. LINK
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