Jakarta, ID
Tuesday, May 29 2012, 00:16 AM

Business

Reaching Iraq

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Reaching Iraq: China National Offshore Oil Corporation (CNOOC) Limited Executive director President, Yang Hua (center) is seen during a signing ceremony in Baghdad, Iraq, on Monday. A China-led consortium sealed a deal with Iraq to develop a prized cluster of three oil fields in the country's south, bringing China closer to becoming the dominant foreign player in Iraq's recovering oil sector. AP/Karim Kadim  Reaching Iraq: China National Offshore Oil Corporation (CNOOC) Limited Executive director President, Yang Hua (center) is seen during a signing ceremony in Baghdad, Iraq, on Monday. A China-led consortium sealed a deal with Iraq to develop a prized cluster of three oil fields in the country's south, bringing China closer to becoming the dominant foreign player in Iraq's recovering oil sector. AP/Karim Kadim