Iraq revives Saddam oil deal with China
By Jamil Anderlini in Beijing and Steve Negus, Iraq, Correspondent
June 23 2007 03:00 – Financial Times http://tinyurl.com/2od2r6
Baghdad has revived a contract signed by the Saddam Hussein administration allowing a state-owned Chinese oil company to develop an Iraqi oil field, the Iraqi oil minister told the Financial Times in Beijing yesterday.
Hussein al-Shahristani also said Baghdad welcomed Chinese oil company bids for any other contract in the country through a “fair and transparent bidding process” to be laid out in the new oil law under discussion in Iraq’s parliament.
China National Petroleum Corporation, the country’s largest oil company and the parent of listed group Petrochina, signed a deal with Iraq in 1997 to develop the al-Ahdab oil field. The field is one of the first to be offered to foreign investors since the 2003 US-led invasion.
What else can Bush Neocons screw up?