{"id":22959,"date":"2008-08-21T08:53:42","date_gmt":"2008-08-21T15:53:42","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=22959"},"modified":"2008-08-21T11:06:37","modified_gmt":"2008-08-21T18:06:37","slug":"iraq-may-sign-ahdab-oil-field-contract-with-china","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2008\/08\/iraq-may-sign-ahdab-oil-field-contract-with-china\/","title":{"rendered":"Iraq May Sign Ahdab Oil Field Contract With China"},"content":{"rendered":"<p>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. <a href=\"http:\/\/ap.google.com\/article\/ALeqM5iCEc0mC6H4Q10upv7IrAkPWLnUwgD92MKNGG2\">From AP<\/a>:<\/p>\n<blockquote><p>\nSaddam Hussein&#8217;s regime defied United Nations sanctions that limited direct dealings with Iraq&#8217;s oil industry and signed a deal in 1997 with the state-owned China National Petroleum Corp.<\/p>\n<p>That contract, worth $1.2 billion, gave a subsidiary of the Chinese company concessions to develop the field on a production-sharing basis for 22 years.<\/p>\n<p>The new agreement will be a service contract, under which China will not be a partner in profits and instead will be paid for its work.<\/p>\n<p>Once the contract is signed, it will be the first Saddam-era oil deal to be honored by the new Iraqi government. A number of companies say they signed deals with Saddam&#8217;s regime and demand that those be honored, or the countries involved be given priority on new agreements.<\/p><\/blockquote>\n<p>Read also <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601089&#038;refer=china&#038;sid=aOku6b4hpGmc\">a report <\/a>from Bloomberg, and <a href=\"http:\/\/blogs.iht.com\/tribtalk\/business\/globalization\/?p=789\">a commentary on the deal <\/a>from the New York Times blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s regime defied United Nations sanctions that limited direct dealings with Iraq&#8217;s oil industry and signed a deal in 1997 with the state-owned China National Petroleum Corp. That [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,1051],"tags":[175,7173,1037,7052],"class_list":["post-22959","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-top-article","tag-iraq","tag-iraq-oil","tag-natural-resources","tag-oil-exploration","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iraq May Sign Ahdab Oil Field Contract With China<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2008\/08\/iraq-may-sign-ahdab-oil-field-contract-with-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iraq May Sign Ahdab Oil Field Contract With China\" \/>\n<meta property=\"og:description\" content=\"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&#8217;s regime defied United Nations sanctions that limited direct dealings with Iraq&#8217;s oil industry and signed a deal in 1997 with the state-owned China National Petroleum Corp. 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