The government of Iraq and the China State Construction Engineering Corporation (CSCEC) see a lot of opportunities for cooperation in oil projects, Reuters reported.
CSCEC is interested in pipeline projects in Iraq, as well as expanding into Saudi Arabia and Oman with a focus on road infrastructure, according to company officials.
The Chinese giant is also looking for major reconstruction and infrastructure projects in Iraq to rebuild after years of conflict.
“We are paying more attention to the oilfields because that is the core business of Iraq,” CSCEC Middle East Chief Executive Yu Tao commented.
The Chinese company’s portfolio includes a number of projects in the Gulf region, from the UAE and Kuwait to a number of groundworks and civil engineering contracts in Iraq.
Moreover, CSCEC is looking at whether it could partner with local companies to enter the Omani market.
On the other hand, the Iraqi government recently approved the proposed Iraq-Jordan oil pipeline, as well as the construction of offshore oil exporting facilities in Iraq’s territorial waters in the Arabian Gulf, according to a Cabinet statement.