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+--- Thread: Iraq signs $3 billion oil deal with China (/showthread.php?tid=61347)
Iraq signs $3 billion oil deal with China - maco - 09-03-2008
http://www.cnn.com/2008/BUSINESS/08/30/iraq.china.oil.deal/index.html
BAGHDAD, Iraq (CNN) -- Iraq has signed its first major oil deal with a foreign company since the fall of Saddam Hussein's regime, a spokesman for the Iraqi Oil Ministry said Saturday.
Iraq's oil fields currently produce about 2.5 million barrels a day.
Iraq's oil fields currently produce about 2.5 million barrels a day.
It was the first time in more than 35 years that Iraq has allowed foreign oil companies to do business inside its borders.
The contract with the China National Petroleum Corporation could be worth up to $3 billion. It would allow the CNPC to develop an oil field in southern Iraq's Wasit province for about 20 years, Oil Ministry spokesman Assim Jihad said.
Re: Iraq signs $3 billion oil deal with China - Lux Interior - 09-03-2008
Ahhhh.... So now they are going to reimburse us for "liberating" them!
Re: Iraq signs $3 billion oil deal with China - OWC Jamie - 09-03-2008
[quote Lux Interior]Ahhhh.... So now they are going to reimburse us for "liberating" them!
,,US ? ???
maybe if you own dividend paying stock. :-)
Re: Iraq signs $3 billion oil deal with China - samintx - 09-04-2008
If oil prices come down the world will not search for alternative fuels. I think the Saudis don't like high oil prices in one sense because someone might discover something better than oil and do them out of $$$$$$$$$