SHANGHAI, China (AP) — China and Iraq have signed a $3 billion deal revising an earlier agreement for China’s biggest oil company to help develop the Ahdab oil field, an official at the Iraq’s Oil Ministry said Thursday.
The deal, restoring a project canceled after the 2003 U.S.-led invasion of Iraq, was signed late Wednesday by Chinese officials and Iraqi Oil Minister Hussain al-Shahristani.
”The initial agreement has been signed, and we are waiting to see the approval of both governments,” said Sarhad Fatah, a spokesman at the Iraqi Embassy in Beijing.
Fatah would not disclose the value of the deal, but an official at the Oil Ministry in Baghdad confirmed it would be worth $3 billion. He requested anonomity because the agreement hasn’t been approved by the cabinet yet.
I can almost hear the words coming out of Obama’s and Biden’s mouths; 4,000 Americans died so that the Chinese could have access to Iraqi oil.
True or not, it’s the kind of talking point that will resonate with a public already fed up with the war and the price of gas.