...The largest oil and gas company in Asia, China National Petroleum Corporation, has signed a $3 billion 20-year service contract to develop and manage the oil field of Iraq's al Ahdab.
It is worth mentioning that this is the first major oil agreement made between Iraq and a company from abroad.
Hussain al-Shahristani, the oil minister of Iraq stated that big western companies are running out of time to wrap up the cont... |