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Chinese flying to Iraq



By Upstream staff 

Oil officials from China will arrive in Baghdad on Tuesday for negotations with Iraqi oil ministry officials over a Saddam-era contract to develop the Ahdab oilfield.

Reuters quoted ministry spokesman Asim Jihad as sayng that Oil Minister Hussein al-Shahristani had met China's new ambassador to Baghdad on Monday to discuss a planned visit by President Jalal Talabani and the oil minister to China this month to discuss oil and other economic co-operation.

Iraq's cabinet approved a long-awaited oil law last month that will lay down regulations for foreign companies investing in Iraq's oil sector.

Before the 2003 Iraq war, China had agreed a $700 million deal with Saddam Hussein's government to develop the Ahdab oilfield. The contract is now being renegotiated.

** Iraq's crude oil exports rose to 1.567 million barrels per day in February from 1.297 million bpd in January.


Monday, 05 March, 2007, 12:27 GMT  | last updated: Monday, 05 March, 2007, 16:42 GMT

Iraq Oil Minister Hussain al-Shahristani
 

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