You are not connected. Please login or register

Will the Iraqi agreement with China survive foreign conspiracies?

Go down  Message [Page 1 of 1]



[You must be registered and logged in to see this link.]

Will the Iraqi agreement with China survive foreign conspiracies?

September 11 18:46
information / special

Iraq needs long-term strategic projects in order to improve the service reality that the Iraqi people need, and

one of the strategic agreements signed by Iraq is the Chinese agreement, that is, oil in exchange for Chinese companies activating the projects that Iraq needs to advance the service reality.

According to observers, Iraq is the biggest winner of the Chinese agreement because Chinese companies will extract it and export it to the Iraqi bank account, and

this will save Iraq from the cost of extracting and exporting oil and then selling it and then building projects, as the Chinese agreement shortened all these steps on Iraq,

but the agreement It collided with the interventions of countries that do not want Iraq to reach the stage of development, and

the second thing is the liquidation of international disputes at the expense of Iraq, which led to the failure to implement all its aspects.

On September 19, 2019, Iraq and China signed 8 agreements and memoranda of understanding at the conclusion of talks with Beijing, according to which Iraq opened a credit account in a Chinese bank, to deposit oil revenues of 100,000 barrels per day, in exchange for the implementation of infrastructure projects, such as schools, hospitals, roads, electricity and sanitation., to be determined through the Ministry of Planning and in coordination with the Council of Ministers,

but American and other pressures are being exerted on Iraq in order not to properly activate the Chinese agreement.

* What is its relationship to the formation of the government?

For his part, the representative of the State of Law coalition, Jassem Al-Moussawi, reveals, in an interview with Al-Maalouma, about "returning to the Chinese agreement in the coordination framework program after the formation of the next government," stressing that

"Iraq needs its transition in service projects and modern roads in Mosul and building construction."
The advanced infrastructure and housing complexes that the Iraqi people need.”  Al-Moussawi says that

"Iraq needs such strategic agreements in the future so that the oil export investment is in the right way," noting that

"Iraq has lost confidence in foreign and European agreements after the failure of many of them."

* Exploiting the abundance of money

In turn, the economic expert, Safwan Qusay, calls on the Iraqi government to raise oil exports to China from 100 to 300 thousand barrels per day because of a surplus in the general budget.  In an interview with Al-Maalouma, he says that

"the bank account of the Chinese agreement with Iraq amounts to 10 million dollars, and this will increase the ability of the Iraqi economy to face economic fluctuations," stressing that

"Iraq needs strategic projects in light of the financial abundance that occurred as a result of high oil prices.".  Qusay continues his speech,

"The agreement will work on the projects announced by the Ministry of Planning through the evidence it collects."

*Investing in oil

In this regard, economic analyst Younis al-Kaabi confirms that Iraq has many opportunities to invest in oil with many major countries, similar to the agreement with China, which provides for obtaining oil in exchange for establishing projects for Iraq.  In an interview with Al-Maalouma, he says,

"The Chinese agreement, which did not complete the agreement on all its aspects with Iraq, would have served the country a lot by pledging to build thousands of schools and residential complexes as well as state institutions according to development and modernity that has not entered Iraq so far."  Al-Kaabi continues,

"If Iraq takes such strategies and concludes agreements, the rise or fall of global oil prices in the future will not directly affect the work of Iraq's future projects."
finished 25/j

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum