Al-Kadhimi’s advisor: The government will turn to income-generating projects by implementing the agreement with China

politics/Economy

20-07-2021, 23:16

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Baghdad-INA

Adviser to the Prime Minister for Financial and Economic Affairs

Mudhir Mohammed Salih, revealed new contents of the agreement between Iraq and China, confirming the existence of a high-level movement

to determine the best projects to implement in the agreement

Salih said that the cooperation framework agreement with China which the Iraqi government signed in stages between 2018 and 2019 including the accounting and oil annexes begins with joint funding between Iraq and China to implement infrastructure projects in Iraq.

He added that the project is based on Iraqi financing amounting to (100) thousand barrels per day from Iraq's exports to China and these exports are sold at the best prices through a certain mechanism, noting that the proceeds are kept for the purposes of implementing projects in Iraq that are handled by sober Chinese companies