Thursday, August 28, 2008

War for Oil for who?

China's state-owned oil firm CNPC has agreed a $3bn (£1.63bn) oil services contract with the government of Iraq.

The two parties renegotiated a 1997 deal to pump oil from the Ahdab oilfield, the Iraqi oil minister said.

Under the new deal, output from the oilfield will be 110,000 barrels per day, up from the 90,000 barrels forecast in the original deal.

The deal is the first major oil contract with a foreign firm since the US-led war in Iraq, reports say.

Its war for Oil... for China (apparently)!!!?!

Not sure how that fits into my current conspiracy theory, but its not going to be easy....

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