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BAGHDAD, Iraq (AP) -- Iraq says it's going to revive a $1.2 billion oil deal with China that was canceled after the 2003 U.S.-led invasion.
The country's Oil Ministry says an initial agreement with China is expected to be signed at the end of August to develop the billion-barrel Ahdab oil field south of Baghdad.
It would be the first Saddam Hussein-era oil deal to be revived. In 1997, Saddam's government signed a deal with the state-owned China National Petroleum Corp., despite U.N. sanctions.
Sunday's statement comes after a meeting between Iraqi Oil Minister Hussain al-Shahristani and China's ambassador to Baghdad. No further details were released.
Copyright 2008 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
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