Iraq, China Set To Revive $1.2 Billion Oil Deal

[tannybogus]

BAGHDAD — Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, the Iraq's oil ministry said Sunday.

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, the ministry said in a statement.

"Iraq and China are keen to show their cooperation by finalizing an agreement on developing the Ahdab oil field," it said.

The announcement came after a meeting between Iraqi Oil Minister Hussain al-Shahristani and China's ambassador to Baghdad.

No further details were released, but if the deal is signed it will be the first Saddam Hussein-era oil deal to be honored by the new Iraqi regime.

http://www.huffingtonpost.com/2008/08/10/iraq-chin-set-to-revive-1_n_117982.html

I wonder what Bushco have to say about this?? :crazy:

[dkf]

1. Iraq wants us out of there so they can do what they want with their oil.

Bushco's idea of staying forever to control the oil was deluded. What a moran.