Exclusive: PetroChina to join Exxon on giant Iraqi oilfield - source

[dipsydoodle]

Source: Reuters

(Reuters) - China's biggest energy firm PetroChina (0857.HK) will join Exxon Mobil (XOM.N) in developing Iraq's giant West Qurna oilfield and is in talks with Lukoil (LKOH.MM) to buy into a second project at the field, industry sources said on Friday.

China is already the top foreign player in Iraq's southern oilfields and a deal at West Qurna would boost its dominance and could make PetroChina the biggest single foreign investor.

PetroChina partners BP (BP.L) at Rumaila, Iraq's biggest oilfield, and operates the Halfaya field. The company was the first foreign firm to sign an oil service deal in Iraq after U.S.-led forces toppled former president Saddam Hussein.

"PetroChina will participate in developing the field," an industry source with direct knowledge of the deal with Exxon said.

Read more: http://uk.reuters.com/article/2013/08/09/uk-petrochina-iraq-idUKBRE9780D420130809

[davepc]

1. How many americans died so China could exploit Iraqs natural resources?

n/t

[dipsydoodle]

2. Wasn't so that so China could exploit Iraqs natural resources.

China's benefit was that it didn't cost them a dime just to do business. Good luck to them

No point in crying over spilled milk - it was the USA's own stupid mistake.

[MarkLaw]

4. How many Americans died so that Iraq couldn't sell oil in Euros!?!?!?!

It was an illegal and unjust war. America and its financial interests were served.
AMERICA OWES IRAQ REPARATIONS!!!! 1million+ Dead Iraqis. The depleted Uranium we left behind will kill thousands more and cause birth defects for decades or more.

[a kennedy]

3. Great now how soon can it propel my car??

[joanbarnes]

5. SO glad that China benefits from the Cheney/Bush follies. Who is smart now?