Page 4 - China Sinopec News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) - Iraq was the top target for China s Belt & Road infrastructure initiative in 2021, receiving $10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said. In total, China s engagement through investments and contractual cooperation across the 144 Belt & Road Initiative (BRI) countries was $59.5 billion, in line with the $60.5 billion in 2020, according to the report by the Green Finance & Development Center at Shanghai s Fudan University. However, in Arab and Middle Eastern countries, investment last year rose by about 360% and construction engagement by 116% compared to 2020, the study said. Iraq, where the United States ended its combat mission last year, has become the third-biggest partner in BRI for energy engagement since 2013, after Pakistan and Russia, the study said. China and Iraq are cooperating to build the $5 billion Al-Khairat heavy oil power plant in Karbala Province in Iraq and China Sinopec has won the cont

United statesTony munroeShivani singhKim coghillFudan universityRoad initiativeGreen financeDevelopment centerMiddle easternKarbala provinceChina sinopecPresident xi jinpingEnergy and resourceAlternative energyElectricity production and distributionForeign aid