Iraq signs mega-energy deal with Chinese oil firm

Iraq signs mega-energy deal with Chinese oil firm

Iraq signed a major energy deal on Wednesday with a Chinese petrol company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent years, becoming a major player across various sectors and now one of the largest importers of Iraqi crude. Iraq's Oil Minister Hayan Abdel Ghani announced in a statement the signing of the mega-project …