Dhi Qar signs a memorandum of understanding with a Chinese company to implement projects in exchange for oil


 

One of the service projects in the province of Dhi Qar
  
 Reconstruction and building
Economy News – BaghdadThe governor of Dhi Qar, Ahmed Ghani Al-Khafaji, announced, on Thursday, the signing of a preliminary memorandum of understanding with the Chinese company CBB to establish a number of infrastructure projects in the province in exchange for obtaining quantities of crude oil.Al-Khafaji said in a statement, seen by “Al-Eqtisad News”, that “this initial memorandum stipulated the implementation by the Chinese company of water and sewage projects, school buildings, road and bridge services and energy projects within the governorate, provided that the prices of these services be paid in the form of batches of crude oil that it produces.” Governorate”.He explained that “this agreement is preliminary and the approval of the federal government will be obtained according to the law, so that the governorate moves forward with the inclusion of these projects and the final agreement with the Chinese company.”  
Number of observations 942   Date of addendum 05/13/2021

https://economy-news.net/content.php?id=25072

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