China's No Blood for Oil

The Iraqi Ministry of Oil confirms that the China National Petroleum Corporation (CNPC) will develop the Ahdab oil field. It did not take the world's fastest growing economy to move into Iraq for the oil. I wonder if China will become a terrorist target. In fact until now, the deal could not be implemented due to U.N. trade sanctions which have been lifted in the aftermath of the 2003 U.S. liberation. In the deal, China would recoup its $1.2 billion investment through a production sharing agreement. The Chinese estimate that the field could produce an average of 115,000 barrels a day over more than 20 years. Its proven reserves are estimated at 1.4 billion barrels.