Article: China's Iraq, Iran Options & The SCO.

The Iraq invasion, which unsettled world energy politics in unpredictable ways, set in motion portentous activities in China, a future economic rival to the US. China's leaders, in search of energy sources for their burgeoning economy long before the US invasion of Iraq, had already in 1997 negotiated a $1.3 bn contract with Saddam's Baathist regime to develop al-Ahdab oilfield in central Iraq. By 2001, they were negotiating for rights to develop the much larger Halfaya field. Between them, the two might have accounted for almost 400,000 b/d, or 13% of China's oil consumption in 2003.

However, like the Saddam regime's other oil partners - including companies from ...

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