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Iraq to sign $1.2bn deal with China
- Iraq: Wednesday, August 20 - 2008 at 10:31
Iraq will sign a $1.2bn oil service contract with China to replace a production-sharing deal agreed under Saddam Hussein, Iraqi oil minister Hussain al-Shahristani told Iraq's an-Noor newspaper. The oil minister is travelling to China at the end of this month to discuss the deal, which was orginally signed in 1997 between Iraq and the China National Petrolium Company. If finalised, the revised deal would be the first oil service contract signed by the new Iraqi government since the fall of Saddam in 2003.
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Jeff Florian, Senior ReporterWednesday, August 20 - 2008 at 10:31 UAE local time (GMT+4)
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