Chinese energy firms top buyers of Iraqi oil
The Cradle | January 29, 2024
Iraq’s State Organization for Marketing of Oil (SOMO) announced on 29 January that Chinese energy firms were the biggest buyers of Iraqi oil last month.
“Chinese companies were the largest in number among other international companies in purchasing Iraqi oil, with 12 companies out of 44 companies purchasing oil during the month of last December,” SOMO said.
“Indian companies came second with seven companies, South Korean companies came third with four companies, Turkish companies came third with three companies, and American, Italian, Japanese, UAE and Greek companies came fourth with two companies each.
“The rest were Spanish, Dutch, British, Jordanian, Kuwaiti, Russian, Malaysian, Azeri, and French companies,” the statement added.
China was also the largest buyer of Iraqi oil the previous month. Chinese and Indian firms were the top purchasers of Iraqi oil in December 2022.
Ties between Baghdad and Beijing have improved significantly recently, and Chinese firms have increased their presence in Iraq.
In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.
Following the deal, Chinese firms built 1,000 schools, developed the Nasiriya city airport, erected power plants, and completed several other infrastructure projects.
China has accelerated its investment in Iraq and other West Asian nations as part of its Belt and Road Initiative (BRI), announced in 2013.
Last month, Iraq began work on 30,000 housing units near Baghdad as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq.
Beijing is fully committed to “friendly” ties with Baghdad and “actively participates” in Iraq’s reconstruction, a Chinese official told Kurdish news outlet Rudaw on 3 January.
The recent surge in Chinese-Iraqi cooperation comes as Iraq continues to fall under attack by the US army.
In October, Iraqi resistance factions banded together under a single coalition to confront US bases in Iraq and Syria. The attacks – which have been ongoing – are a show of solidarity with the resistance in Gaza and a rejection of US support for Israel’s assault on the strip.
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From the Archives
The lies about the 1967 war are still more powerful than the truth
By Alan Hart | June 4, 2012
In retrospect it can be seen that the 1967 war, the Six Days War, was the turning point in the relationship between the Zionist state of Israel and the Jews of the world (the majority of Jews who prefer to live not in Israel but as citizens of many other nations). Until the 1967 war, and with the exception of a minority of who were politically active, most non-Israeli Jews did not have – how can I put it? – a great empathy with Zionism’s child. Israel was there and, in the sub-consciousness, a refuge of last resort; but the Jewish nationalism it represented had not generated the overtly enthusiastic support of the Jews of the world. The Jews of Israel were in their chosen place and the Jews of the world were in their chosen places. There was not, so to speak, a great feeling of togetherness. At a point David Ben-Gurion, Israel’s founding father and first prime minister, was so disillusioned by the indifference of world Jewry that he went public with his criticism – not enough Jews were coming to live in Israel.
So how and why did the 1967 war transform the relationship between the Jews of the world and Israel? … continue
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