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Iraq and China to sign massive financing deal
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Iraq and China to sign massive financing deal
https://www.iraqoilreport.com/news/iraq-and-china-to-sign-massive-financing-deal-38041/
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.
Wednesday, March 13th, 2019
Officials from the Iraqi Oil Ministry and the China ZhenHua Oil Company sign a contract to develop part of the East Baghdad oil field on May 23, 2018 - one of Iraq's many energy projects involving Chinese companies. (Photo credit: Oil Ministry media office)
By BEN VAN HEUVELEN AND SAMYA KULLAB of Iraq Oil Report
Published Wednesday, March 13th, 2019
BAGHDAD - Iraq and China are set to finalize a major bilateral agreement that would give investors access to roughly $10 billion worth of financing.
The deal is likely to accelerate the pace and widen the breadth of China's involvement in the Iraqi economy, including the energy sector, and provide money needed for reconstruction and infrastructure projects that cannot be funded by the Iraqi budget alone.
Iraq Oil Report Attribution Policy
All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.
Iraq Oil Report Commitment to Independence
Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.
We view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.
To fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.[/size]
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.
Wednesday, March 13th, 2019
Officials from the Iraqi Oil Ministry and the China ZhenHua Oil Company sign a contract to develop part of the East Baghdad oil field on May 23, 2018 - one of Iraq's many energy projects involving Chinese companies. (Photo credit: Oil Ministry media office)
By BEN VAN HEUVELEN AND SAMYA KULLAB of Iraq Oil Report
Published Wednesday, March 13th, 2019
BAGHDAD - Iraq and China are set to finalize a major bilateral agreement that would give investors access to roughly $10 billion worth of financing.
The deal is likely to accelerate the pace and widen the breadth of China's involvement in the Iraqi economy, including the energy sector, and provide money needed for reconstruction and infrastructure projects that cannot be funded by the Iraqi budget alone.
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[size]If you are not a registered user, you may purchase a subscription or sign up for a free trial.
Iraq Oil Report Attribution Policy
All sources quoted or referenced spoke to Iraq Oil Report directly and exclusively, unless stated otherwise. Iraq Oil Report typically grants anonymity to sources that can't speak without risking their personal safety or job security. We only publish information from anonymous sources that we independently corroborate and are important to core elements of the story. We do not provide anonymity to sources whose purpose is to further personal or political agendas.
Iraq Oil Report Commitment to Independence
Iraq Oil Report strives to provide thoroughly vetted reporting and fair-minded analysis that enables readers to understand the dynamic events of Iraq. To meet this goal, we always seek to gather first-hand information on the ground, verify facts from multiple angles, and solicit input from every stakeholder involved in a given story.
We view our independence as an integral piece of our competitive advantage. Whereas many media entities in Iraq are owned or heavily influenced by political parties, Iraq Oil Report is wholly owned by several of its employees. In a landscape that is often polarized and politicized, we are able to gather and corroborate information from an unusually wide array of sources because we can speak with all of them in good faith.
To fund this enterprise, Iraq Oil Report depends on revenue from both advertising and subscriptions. Some of our advertisers and subscribers ‐ including companies, governments, and NGOs ‐ are also subjects of our reporting. Consistent with journalistic best practices, Iraq Oil Report maintains a strict firewall that removes business considerations from editorial decision-making. When we are choosing which stories to report and how to write them, our readers always come first.[/size]
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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