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Iraq approves oil deal with China

Iraq has approved a $3 billion deal with China to develop the al-Ahdab oil field. It's the first Saddam-era oil deal to be honored by the new Iraqi government. It initially was canceled after the 2003 invasion. A government statement says the Cabinet approved the deal on Tuesday. It was signe...

By Ben Lando of Iraq Oil Report
Published September 2, 2008

Iraq has approved a $3 billion deal with China to develop the al-Ahdab oil field.

It's the first Saddam-era oil deal to be honored by the new Iraqi government. It initially was canceled after the 2003 invasion.

A government statement says the Cabinet approved the deal on Tuesday. It was signe...

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