By John Lee. Iraq has reportedly cancelled its $2-billion pre-paid oil supply agreement with Zhenhua Oil Company. Under a deal said to have been agreed in January, the state-owned Chinese company would pay Iraq in advance for a year's supply of oil. S&P Global Platts reported the following month that Iraq had "frozen" the deal, […]
The post Iraq "Cancels" Oil Deal with China's Zhenhua first appeared on Iraq Business News.