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New details emerge in Iraqi oil deal with China

China says a multi-billion dollar oil deal with Iraq is still being negotiated. This contradicts reports last week from Iraqi officials, who said the deal had been signed, Daniel Schearf reports for Voice of America. China's Foreign Ministry on Thursday said negotiations with Baghdad to exploit an Iraqi oil field continue. Iraq's embassy in Beijing […]

Iraq and China to sign massive financing deal

Imminent agreement will provide some $10 billion in credit for companies to invest, super-charging China's involvement in the Iraqi economy.

China lands Iraqi oil contract – but U.S. still gets its crude

Iraq will sign a $1.2 billion oil service contract with China to replace a production-sharing deal agreed under Saddam Hussein, the Iraqi newspaper, an-Noor said, quoting oil minister Hussain al-Shahristani. The oil minister is travelling to China at the end of this month to discuss the deal, which was orginally signed in 1997 between Iraq […]

China and Iraq announce strategic partnership

Iraqi Prime Minister Haider al-Abadi arrived in Beijing on Tuesday for a two-day visit, Abadi’s first since assuming office in September 2014. During Abadi’s visit, China and Iraq issued a joint statementupgrading their relationship to a strategic partnership. In a meeting with Abadi, Chinese President Xi Jinping praised the development of China-Iraq ties, and said that […]

Iraq approves oil deal with China

Iraq has approved a $3 billion deal with China to develop the al-Ahdab oil field. It's the first Saddam-era oil deal to be honored by the new Iraqi government. It initially was canceled after the 2003 invasion. A government statement says the Cabinet approved the deal on Tuesday. It was signed last week in China. […]

China brings Ahdab field online

After renegotiating a Saddam Hussein-era contract, the China National Petroleum Corp. starts pumping Ahdab oil.

China 2014 World Cup hinges on Iraq match

China must beat Iraq in Asian World Cup qualifying at Qatar on Friday or risk blowing their chances of appearing at Brazil in 2014. China have lost two of three games so far in Group A - one of five groups in the penultimate round of qualifying - and already sit six points behind leader […]

China’s oil quest comes to Iraq

A lot of attention has been paid in recent years to energy-hungry China’s billion-dollar bids on oil fields in Canada and the Asian giant’s reliance on oil from countries like Iran and Sudan to fuel its growing economy. But its growing interest in another major oil producer has gone largely unnoticed, and if current trends […]

Q&A: Finance Minister Ali Allawi

Allawi discusses ending Kurdistan budget transfers, new expenditures under a stop-gap spending law, power payments to Iran, and implementing a Chinese financing deal.

Iraq–China oil deal made final next week

Plus: *Progress on another joint venture, this time for oil drilling *What the passage of an election law means *Iraq Press Roundup An Iraqi oil ministry spokesman says Iraq and China will finalize a US$3 billion oil agreement next week. Assem Jihad says a Chinese delegation will visit Baghdad to sign the deal, The Associated […]

China vows to maintain Iraq investments as violence continues

Chinese companies remain undeterred by recent violence and will keep investing in Iraq’s energy sector, China’s Middle East envoy said today. Iraqi leaders told China they welcomed its investment and will step up security for Chinese companies, Ambassador Wu Sike said at a Beijing briefing that followed a visit to the country.

China’s Antonoil wins wells workover bid in Iraq

China’s Anton Oilfield Services Group (Antonoil) has been commissioned to provide a series of services covering workover of three wells, coiled tubing acidizing and other downhole services in Iraq, a report said.

No deal yet on China bid for Missan oil fields

Mixed signals from Oil Ministry on new offer from Chinese consortium for fields offered in first bidding round, which include famed Fakka field that saw Iranian occupation.

Iraq beats China in World Cup qualifier

Iraq squeaked home past China 1-0 last night. The second leg of the 2014 World Cup Asian qualifier was played in the Qatari capital of Doha. ... Now Iraq has nine points and lie second in Group A, topped by Jordan who beat Singapore yesterday evening 2-0.

Exxon out of 4th bid round

Iraq's fourth contract licensing round is on for May 30-31, and the Oil Ministry has confirmed the final list of companies. Exxon is out.

Addax confirms China purchase

Firm active in Iraqi Kurdistan to be purchased by overseas arm of one of China’s state oil company.

Halfaya field goes to China

China leads the way, taking on three competitors and winning Halfaya in Missan province, which has occasionally seen Mahdi Army but has been relatively calm.

China’s Antonoil wins $140m oilfield deal in Iraq

Anton Oilfield Services Group (Antonoil), a top oilfield services provider in China, has won a $140 million contract for oilfield workover and completion service in southern Iraq. The contract covers workover and completion services for more than 160 wells and acidizing service for over 60 wells. Internal approval procedures have been undergoing for the finalization of […]