Iraq, China to revive Saddam-era oil deal

[cyberpj]

Iraq, China to revive Saddam-era oil deal as Baghdad seeks investment

Wow. Won't this piss off Iraq's "liberators"? Isn't the US sort of "figting for oil" with China?

Iraq, China to revive Saddam-era oil deal as Baghdad seeks investment
The Associated Press
Published: October 28, 2006

BEIJING China and Iraq are reviving a 1997 deal worth US$1.2 billion (€850 million) signed by Beijing and Saddam Hussein's government to develop an Iraqi oil field, Baghdad's oil minister said Saturday.

Officials will meet next month to renegotiate the agreement over the al-Ahdab field, said Iraqi Oil Minister Hussain al-Shahristani. He was wrapping up a three-nation tour to secure investment to revive his country's oil industry.

"If agreement is reached very quickly then I expect them to start working right away," al-Shahristani said at a news conference.

China is the world's second-largest oil consumer and has been investing heavily in trying to secure access to foreign supplies.

http://www.iht.com/articles/ap/2006/10/28/asia/AS_FIN_China_Iraq_Oil.php

[acmavm]

1. You know I gotta wonder, considering that the Iraqi 'government'

is actually run by the US (without us those guys are dead ducks), if the BFEE doesn't somehow come out smelling like a rose in this. You know, kind of having China as a client by all the business runs through the puppet government.

I know that the love affair between al Maliki and the boys vs. bush**/cheney/Halliburton is a little rocky, but they all need each other to survive.

[cyberpj]

2. Good point. Afterall, it's the US that controls the puppet - and profit - so far. nt