Al-Haneen: The agreement stipulated that Chinese companies would implement projects using international technology

Friday 17th January 2020 - 15:17

Al-Haneen: The agreement stipulated that Chinese companies would implement projects using international technology

Baghdad -INA

Advisor to the Prime Minister Abdul Hussein Al-Hanin confirmed that Iraq agreed that Chinese companies implement projects with American and European global technology.

Al-Hanin said in a statement to the Iraqi News Agency: The government will not accept second-class projects, but rather first-class projects and serve the community," noting that "there are 40 major Chinese companies ready with all capabilities and are financially and technically guaranteed at the practical level capable of doing With major works in the field of roads, bridges and city building.

He explained that "some describe the agreement as pledging Iraqi oil and this is not true, because it is a guarantee for selling oil for a long time and is a major achievement," noting that "this agreement includes the implementation of projects on the principle of oil for construction and reconstruction."

Al Hanin pointed out that "Iraq will pay 100 thousand barrels per day, equivalent to the price of the oil market, 6 million dollars per day, and by 180 million dollars per month," noting that "the agreement rate of oil is 10% of Iraqi oil exports to China, which reaches Million barrels per day. "

He explained that "the recent events directly affected the implementation of the agreement," noting that "it was hoped that the China-Iraq Forum would take place in Baghdad on 11-17 of last year for a period of four days, but it was postponed and replaced by small workshops that will be held these days and in coordination with the Chamber Chinese trade, Chinese embassy, ​​prime minister's office and other ministries. "