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Iraq and China Sitting in a Tree…

Iraq is looking for investment $$. What better place than getting back to the deal Saddam signed with Beijing in 1997 to develop al-Ahdab oilfield in the southern region? The West is just too nervous about the whole situation to invest their precious money there.

China, on the other hand, is willing to go out on a limb as far as investment risk goes. It had signed the agreement with Saddam and was just waiting for UN sanctions to end, when the USA invaded.

Time for a new proposal.

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