08-12-2008, 06:48 PM
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#1
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Veteran Starter w/Big Long Term Deal
Join Date: Apr 2006
Location: Central Mass
Posts: 8,342
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Iraq to revive oil deal with China
Quote:
http://edition.cnn.com/2008/WORLD/me....ap/index.html
BAGHDAD, Iraq (AP) -- Iraq says it's going to revive a $1.2 billion oil deal with China that was canceled after the 2003 U.S.-led invasion.
The country's Oil Ministry says an initial agreement with China is expected to be signed at the end of August to develop the billion-barrel Ahdab oil field south of Baghdad.
It would be the first Saddam Hussein-era oil deal to be revived. In 1997, Saddam's government signed a deal with the state-owned China National Petroleum Corp., despite U.N. sanctions.
Sunday's statement comes after a meeting between Iraqi Oil Minister Hussain al-Shahristani and China's ambassador to Baghdad. No further details were released
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I guess the US gets no such deal?
__________________
"There are two categories of superbowl participants that nobody remembers:
The team that lost the game and the team that only won one." Dwight White- Steelers
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