Becoming the first foreign firm to enter such an agreement since the end of Saddam Hussein's regime, state-owned China National Petroleum Corp. (CNPC) this week won the right to develop the Al-Ahdab oil field south of Baghdad. . . .
The agreement, reached during a visit to China by Iraqi Oil Minister Hussain al-Shahristani, revives a 1997 contract that granted China exploration rights to the Al-Ahdab oil field in the province of Wassit.
Thursday, August 28, 2008
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