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Chinese companies will build Nasiriyah Airport and nearly 90,000 houses in Sadr City in Iraq under an oil-for-projects agreement the two countries signed in 2019, an Iraqi official was quoted on Sunday as saying.
Obstacles that have obstructed the agreement over the past few months have been resolved and China would soon provide funds in exchange for the supply of 100,000 barrels of Iraqi crude, said Sabah Abdul Lateef, an adviser to the Iraqi Prime Minister.
He told the official Iraqi news agency that four major projects would be executed in Iraq shortly under the oil-for-projects deal which was finalized in September 2019 and stipulated the execution of projects in Iraq by Chinese firms in exchange for crude supplies.
The projects comprise the construction of Nasiriyah Airport in the Southern Dhi Qar Governorate, the building of nearly 90,000 houses in Sadr City in the capital Baghdad, the construction of 1,000 hospitals through Iraq and sewage networks in Baghdad.
“These projects will be carried out in line with the Iraq-China agreement after all legal issues that have faced the agreement have been resolved,” Abdul Lateef said.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@refinitiv.com)
