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China inks $3bn Iraq oil deal
- Iraq: Saturday, August 30 - 2008 at 10:55
China National Petroleum Corporation (CNPC) has signed a $3bn agreement to develop and operate Iraq's al Ahdab oil field under a 20-year service contract, The National has reported. The agreement would provide foreign participants with fees for services instead of a share of profits from oil production, as stipulated in CNPC's earlier contract.
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Medilyn Manibo, Assistant News EditorSaturday, August 30 - 2008 at 10:55 UAE local time (GMT+4)
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