Iraq oildeal

On November 2, 2010 UK and China had signed a new oil deal with Iraq, this is the major one since US invade the country on 2003. Two of the most important oil companies from these countries are involved in this treaty, Rumaila is the oilfield in which hey are focusing their attention, this is one of the biggest one in the world.

With this treaty Iraq is expecting to get in to the third place in the oil production, Iraq is looking for more countries which can help them to get in to his gold; they want to take advantage of their fields because they have the third place in crude oil fields that can improve their economy because as we know, oil now a days is the biggest natural resource.

Hussain al-Shahristani, Iraq's oil minister, said: "With these contracts Iraq has started a new phase. In the past, Iraq's oil was used to finance war, to kill Iraqis and to attack neighboring countries¨