Tag: Oil exploration

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Iraq May Sign Ahdab Oil Field Contract With China

In its never-ending search for natural resources and energy, China is about to sign a deal with Iraq to develop to Ahdab oil field. From AP: Saddam Hussein’s regime defied United Nations sanctions that limited direct dealings with Iraq’s oil industry and signed a deal in 1997 with the state-owned China National Petroleum Corp. That contract, worth $1.2 billion, gave a subsidiary of the