The Washington Times
  • Subscribe
  • Times News Services
  • RSS
  • Mobile Headlines
  • e-edition
  • E-MAIL ALERTS
  • REGISTER
  • LOG IN
  • E-MAIL ALERTS
  • WELCOME
  • Your Profile
  • Log Out
  • Front Page Image
  • Classifieds
  • Autos
  • Real Estate
  • Jobs
  • Special Sections
  • Customer Service
  • Home
  • News
  • Opinion
  • Sports
    • NFL
    • NBA/WNBA
    • MLB
    • NHL
    • Tennis
    • Golf
    • Motorsports
    • Soccer
    • NCAA
    • Olympics
    • Outdoors
    • Other
  • Culture
    • Home & Living
    • Family & Kids
    • Fashion
    • Food
    • Travel
    • Health
    • Washington Visitors
    • Books
    • Military History
    • Life
    • Auto
    • TV Listings
    • Movie Listings
    • Death Notices
    • Entertainment
  • Themes
  • Communities
  • Shopping
    • Stores
    • Coupons
    • Daily Double
    • Promotion
    • How It Works
  • Videos
    • Two Guys
    • Birnbaum on Washington
    • Liz Glover
    • Amanda Carpenter
    • Morning Briefing
    • Documentaries
    • Joe Giganti
    • Video Game Minute
  • Podcasts
    • About Headlines
    • Audio and Radio
    • America's Morning News
  • Sports

    KNOTT: Pollin honored as a D.C. treasure

  • Sports

    Jamison lights fire under Wizards

  • Politics

    Uninvited White House guests met Obama in line

  • Sports

    Wife aids Woods after SUV crash

  • National

    Volunteers for drug trials hard to find

  • Business

    Dubai debt crisis rocks U.S., Asia markets

  • World

    Piracy threatens fishermen in Yemen

Home » News » Business

Friday, August 22, 2008

Iraq, China to sign Saddam-era oil deal

Rate this story

Average 0.00
after 0 votes
Login or register to rate this story

Site prone to sporadic attacks

  • Font Size -+
  • Print
  • Email
  • Comment
  • Tweet this!
  • Share
  • Article
  • Comments ()
  • Click-2-Listen
  • Videos

More Business Stories

  • iPhone lands in Korea
  • WTO meeting looks to boost global trade, end recession
  • Holiday shoppers paint Black Friday green
  • GM readies new financial plan for Opel

By

BAGHDAD(AP) | Iraq and China will sign a deal next week to develop the Ahdab oil field, restoring an agreement that was canceled after the 2003 U.S.-led invasion, an Iraqi spokesman said Thursday.

The governor of Wasit province, where the billion-barrel field is located, left Wednesday for China to join Iraqi Oil Minister Hussain al-Shahristani at the ceremony in the next few days, provincial spokesman Majid al-Atabi said.

"The governor will discuss the logistic cooperation with the Chinese company, especially the security side," Mr. al-Atabi said in a phone interview.

The Shi'ite-dominated Wasit province, about 100 miles southeast of Baghdad, has been the scene of sporadic attacks since the U.S.-led invasion in 2003.

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 Chinese company concessions to develop the field on a production-sharing basis for 22 years.

The agreement will be a service contract, under which China will not be a partner in profits and instead will be paid for work.

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's regime and demand that those be honored, or the countries involved be given priority on new agreements.

[Get Copyright Permissions] Click here for reprint permissions!
Copyright 2009 The Washington Times, LLC

Post a comment

There are comments on this article, submit your opinion!

Please login or register to post a comment

Ask a Question

You Report

Do you have another point of view, photos, audio, video or more information about a story?

Top Stories

Most Read

  1. EDITORIAL: Hiding evidence of global cooling
  2. EDITORIAL: The global-cooling cover-up
  3. Climate 'czar' says hacked e-mails don't change anything
  4. Wife aids Woods after SUV crash
  5. PRUDEN: Trouble afoot for high priests
More Top Stories »
  1. In tobacco-loving Virginia, bars give up the habit
  2. Grade-schooler unearths fossil at dinosaur park
  3. Robotic hamster holiday craze
  4. Climate czar rejects doctored data claims
  5. Fenty's approval in D.C. divided by race

Most Shared

  1. EDITORIAL: The global-cooling cover-up
  2. PRUDEN: Trouble afoot for high priests
  3. EDITORIAL: Hiding evidence of global cooling
  4. University bubble bursting?
  5. In tobacco-loving Virginia, bars give up the habit
More Top Stories »
  1. Robotic hamster holiday craze
  2. We ain't seen nothing yet
  3. The United Socialist States of America
  4. Dubai debt crisis rocks U.S., Asia markets
  5. Finance mavens gloomy

Most Commented

  1. EDITORIAL: The global-cooling cover-up
  2. Climate 'czar' says hacked e-mails don't change anything
  3. PRUDEN: Trouble afoot for high priests
  4. Crashers probe may become criminal investigation
  5. Fenty's approval in D.C. divided by race
More Top Stories »
  1. Ads add heat to health care debate
  2. Grayson's Senate filibuster petition faulted
  3. EDITORIAL: Hiding evidence of global cooling
  4. Health, climate bills seen to stifle hiring
  5. Climate czar rejects doctored data claims

Listen to Washington Times Radio

  • America's Morning News

    with John McCaslin and Melanie Morgan

Question of the day

Are you planning to go shopping today?

Blogs & Columns

  • Hot Button Blog

    RNC: Breast cancer recommendations may lead to 'rationing'

  • Belief Blog

    Evangelicals OK civil disobedience

  • Out of Context

    Foods that might kill libido

  • On the Fly

    United lifts some 'award' blocking

  • Technology

    Facebook wins round against phishing spammer

  • Redskins 360

    Grimm a semifinalist

  • SNOBlog

    Beyond 'Woody'

Videos

Advertising Links
TWT Store
  • e-edition
  • Print Edition
  • Weekly Washington Times
TWT Affiliates
  • Middle East Times
  • Golf
  • UPI
  • Arbor Ballroom
  • Washington Times Global
  • About TWT
  • Press Room
  • F.A.Q.
  • Work for TWT
  • Advertise
  • Sponsors
  • Contact Us
  • Privacy Policy
  • Site Map

All site contents © Copyright 2009 The Washington Times, LLC.