China Wins Iraq War

Is America losing out on Iraqi oil?

Atul Aneja

The grand American neoconservative enterprise of controlling Iraqi oil is facing its most serious crisis.

— Photo: AFP

New approach: Iraqi Oil Minister Hussain Al Shahristani… “Oil and gas are the property of the Iraqi people. Nobody can share that ownership.”

On August 23, Iraqi Oil Minister Hussain Al Shahristani flew out of Iraq and headed for China. Five days later, he signed a $3b contract with the state-owned China National Petroleum Corporation (CNPC). The agreement revived an earlier deal signed in 1997 for the development of the Ahdab field, located 160 kilometres southeast of Baghdad.

Contrary to post-invasion predictions, the first foreign contract for the development of an Iraqi oil field has not gone to a western oil major. In fact, the deal with a Chinese company has signalled that Iraq might have begun to strongly resist western oil interests, seeking a free run over its mammoth energy resources. The jury is now out on whether the deal with China will set a precedent that will derail the American oil project in Iraq.

more at:
http://www.thehindu.com/2008/09/17/stories/2008091756161100.htm

Victory in Iraq is McLiar's mantra. What a pathetic joke!

This is the only mission he & Cheney cared a rats ass about. Like everything else they've touched, this too turned to shit.