China makes a major offer to Iraq

China makes a major offer to Iraq

2025-11-21 | 04:25

China makes a major offer to IraqAlsumaria News– Local economic expert revealed Nabil Al-Marsoumi On Friday, regarding the presentation China A major investment opportunity for Iraq.
Al-Marsoumi said in a post on his official page, which was followed by Alsumaria News Heritage Financial Corporation of China has submitted to Iraq A proposal that includes the completion of the following projects:

First: Purchase a stake ranging from 30% to 40% in two of refineries Chemicals, with a capacity of 100,000 barrels per day.
Second: Participation in the construction of refineries in Indonesia in exchange for Singapore With a capacity of 500,000 barrels per day, payment would be made through a barter system using Iraqi crude oil.
Third, new tankers would be built, with Iraq paying for them with crude oil.
Fourth, oil tankers would be leased for a specific period with the intention of eventual ownership.
He added that “the relevant Iraqi authorities have not responded to the Chinese offer, which was submitted seven months ago and which comes within the context of the Chinese-American competition in Iraq.”

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