China Beats Big Oil to Iraqi Oil Fields Written By: Miranda Marquit 2008-08-29 10:17:07 Photo: skinr, Creative Commons, Flickr
While the U.S. is busy trying to govern Iraq and keep the peace, China has settled a deal with Iraq allowing it to be the first international oil company to develop a rather large discovered oil field in one of the areas of Iraq considered "new" in terms of oil production. CNPC, the state-run oil company in China, made a deal for a $3 billion contract for Adhab. The Guardian reports on China's continued competition against U.S. Big Oil companies for resources:
CNN Money Offers Oil Stocks Picks for 2008 Written By: Miranda Marquit 2008-01-15 11:58:38 Oil prices may be down, but 2008 could still be a good year for Big Oil stocks.
