It just may be that Iraq is in the process of returning to normal in both military and energy terms. I'll leave the military part to your evening television viewing. On the energy side, however, the ink is still wet on a $3 billion agreement for the Chinese state-owned oil company, China National Petroleum, to help develop the Ahdab oil field, south of Baghdad.
The Chinese company -- parent of (among others) PetroChina
Iraq's energy deposits are said to include about 115 billion barrels of oil. The original concession in the country was made in 1925 with the Iraq Petroleum Company, which was owned by predecessors of what are now BP
During the war, there have been concerted efforts, mostly led by the Army Corps of Engineers and Houston-based KBR
Now that the contract has been signed with China National Petroleum -- it's yet to be approved by both governments -- you'll likely see a push by numerous other companies to resume deals they say they signed with Saddam and his minions. However, the Iraqi oil ministry claims it won't show partiality to companies with pre-war contracts.
For a good way to play a movement to improve Iraq's daily oil output to about 4.5 million barrels a day in the next five years, I'd offer up KBR. Despite the unabated criticism of it at home, it's a professional operation that already has several toes in the Iraqi oil fields water.
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