عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Iraq Oil Exports Unaffected by Political Turmoil

An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)
An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)
TT
TT

Iraq Oil Exports Unaffected by Political Turmoil

An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)
An armed member of Saraya al-Salam (Peace Brigade), the military wing affiliated with Shiite cleric Moqtada al-Sadr, takes aim during clashes with Iraqi security forces in Baghdad's Green Zone on August 30, 2022. (AFP)

Iraq's oil exports are unaffected by the current political turmoil in the country, three sources told Reuters on Tuesday.

Baghdad is seeing its worst fighting for years as clashes between Shiite groups spill into a second day.

Supporters of Shiite cleric Moqtada al-Sadr have surrounded the Majnoon oil field in Basra since Monday evening as well as the 210,000 barrel per day (bpd) Basrah refinery, according to two sources.

But protesters are expected to leave these areas shortly after Sadr told supporters to withdraw from violent clashes, one of the sources said.

Most Viewed

 
 
Business

China Seeks to Bolster Ports and Aviation Hubs in Western Regions

The city skyline is reflected in a pool left on the dry riverbed of the receding Jialing river, a tributary of the Yangtze, that is approaching record-low water levels during a regional drought in Chongqing, China, August 20, 2022. (Reuters)
The city skyline is reflected in a pool left on the dry riverbed of the receding Jialing river, a tributary of the Yangtze, that is approaching record-low water levels during a regional drought in Chongqing, China, August 20, 2022. (Reuters)
TT
TT

China Seeks to Bolster Ports and Aviation Hubs in Western Regions

The city skyline is reflected in a pool left on the dry riverbed of the receding Jialing river, a tributary of the Yangtze, that is approaching record-low water levels during a regional drought in Chongqing, China, August 20, 2022. (Reuters)
The city skyline is reflected in a pool left on the dry riverbed of the receding Jialing river, a tributary of the Yangtze, that is approaching record-low water levels during a regional drought in Chongqing, China, August 20, 2022. (Reuters)

China said on Sunday it would launch 15 measures to bolster the development of its western provinces with the construction of logistical infrastructure such as ports and aviation hubs.

The General Administration of Customs said the measures would enhance the integration of rail, air, river and sea links in China's west, state media reported.

The measures are to include enhancing international aviation hubs in cities including Chengdu, Chongqing, Kunming, Xi'an and Urumqi, while developing comprehensive bonded zones, and integrating these with ports and other transport links.

A number of ports would also be built and expanded.

China has long sought to bolster the economic heft of its western regions, which have markedly lagged coastal provinces.

China's western regions comprise around two-thirds of the country's land area and include regions such as Sichuan, Chongqing, Yunnan, Xinjiang and Tibet.

China's Politburo last year called for a "new urbanization" of western China to revitalize rural areas, expand poverty alleviation efforts and strengthen energy resources. Efforts have also been made to increase linkages to Europe and South Asia through trade corridors including rail freight routes.