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China and Iraq Reach $3 Billion Oil Deal

Posted on August 29th, 2008 at 9:20 by John Sinteur in category: Mess O'Potamia -- Write a comment

[Quote:]

China and Iraq have signed a $3 billion deal revising an earlier agreement for China’s biggest oil company to help develop the Ahdab oil field, an official at the Iraq’s Oil Ministry said Thursday.

The deal, restoring a project canceled after the 2003 U.S.-led invasion of Iraq, was signed late Wednesday by Chinese officials and Iraqi Oil Minister Hussain al-Shahristani.

Gee, and it only took a bit over 4,000 dead US soldiers to get to this point…

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