Sinochem Corp will become one of Baghdad's top oil buyers next year when the Chinese state company starts its first wholly-owned refinery, the latest example of Iraq beating Middle Eastern rivals in the competition for new markets in Asia.
Chinese chemical conglomerate Sinochem Group has formally asked the government to back a bid for Canada's Potash Corp, a local newspaper reported on Sunday.
The Economic Observer cited sources close to the deal as sa
China's state-run Sinochem Corp agreed a 532.1 million pound ($878.2 million) takeover of Emerald Energy to gain access to the UK-listed oil and gas explorer's operations in Syria and Colombia.
The deal is a major step for Sinochem