Iraq, China discuss reviving Saddam-era oil deal

[sabra]

http://www.alertnet.org/thenews/newsdesk/L27480542.htm

Iraq, China discuss reviving Saddam-era oil deal

BAGHDAD, Sept 27 (Reuters) - Iraq could hand China the first foreign contract to develop its vast oil resources if Beijing agrees to put into effect a deal originally signed with Saddam Hussein, Iraq's Oil Ministry said on Wednesday.

While U.S. oil majors, excluded from Iraq before the U.S. invasion in 2003, wait for Iraq to pass new laws on the sector before investing, Oil Minister Hussain al-Shahristani will visit China, Japan and Australia shortly to discuss projects and developing exports, ministry spokesman Asim Jihad told Reuters.

"The minister will discuss with Chinese companies fulfilling previous contracts signed with the former regime," he said.

He declined to give specific dates for the trip.

[Parche]

1. iraq oil

What about the profits that are supposed to pay the US taxpayer back???

[oblivious]

2. I find this highly amusing.

[Thickasabrick]

4. Ditto. Wouldn't it be funny if all US Oil companies got shut out

by the Chinese and Russians.

[oblivious]

6. Further proof that the Neocons are the dumbest people on the planet.

As if any further proof were necessary. Everything they touch turns to shit. Everything.

[ECH1969]

3. China seems to have a US sized thirst for oil

[Supersedeas]

5. But I thought Sadaam had mismanaged everything--everything