Iraq to revive oil deal with China (AP)

Courtesy Ytop stories  Sun, 08/10/2008 - 8:48am

An Iraqi works at al-Zubayer oil field near Basra, 2004.<br /><br />Iraq said on Friday it was resuming exploration of its immense oil reserves after a break of nearly 20 years due to crippling UN sanctions, saying it hopes to double its proven deposits of crude.(AFP/File/Ramzi Haidar)AP - Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, the Iraq's oil ministry said Sunday.




 

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