Iraq's Development Road Might Link with China's Belt & Road

Iraqi Prime Minister Mohammed Shia' Al-Sudani met with Mr. Dai Houliang, Chairman of the Board of Directors of the China National Petroleum Corporation (CNPC), and an accompanying delegation. Al-Sudani affirmed Iraq's keenness to develop relations with China across various sectors, emphasizing that the presence of Chinese companies, including in the oil sector, strengthens this aim.

He highlighted the associated gas project in Missan Province, implemented by PetroChina, as a strategic project enhancing bilateral ties. The project aligns with the government's priorities to curb gas flaring. Al-Sudani outlined Iraq's interest in developing gas projects to boost the manufacturing and fertilizer industries, adding value to the economy and creating job opportunities. He proposed presenting potential sites to CNPC for integrated energy projects comprising oil and gas production, processing plants, power plants, and petrochemical refineries.

The Prime Minister suggested linking China's Belt and Road Initiative with Iraq's Development Road project, which CNPC expressed willingness to cooperate on. Iraq is open to partnering with CNPC on petrochemical projects abroad. Environmental standards and providing an attractive investment environment were emphasised, including establishing training centers and academic partnerships.