MEGA-MINING IN URUGUAY: TIME TO VOTE?

IraqIraq's Ministry of Oil signed an $8 billion agreement with China's state-owned Hualu Engineering & Technology to oversee expansion of al-Faw Petrochemical Complex, allowing its refinery to process 300,000 barrels per day of crude. The expansion of al-Faw complex, along the strategic Shatt al-Arab waterway in Basra governorate, is the largest yet undertaken in the Iraqi energy sector, and is seen as facilitating a new thrust of output by the country's oil industry. The deal is a "build-own-operate transfer" (BOOT), which means Hualu could gain effective control of the facility.  Hualu is majority-controlled by the giant China National Chemical Engineering Company (CNCEC). (Map: University of Texas Libraries)

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