Iraq “Pauses Oil Pre-Payment Deal with China”

Parvin Faghfouri Azar February 23, 2021 International, Top News Leave a comment 8 Views

Iraq has reportedly “put on hold” it oil contract with China’s Zhenhua Oil.
The multi-billion-dollar agreement would have seen Zhenhua pre-pay Iraq’s State Oil Marketing Organization (SOMO) for a regular supply of crude oil.
Oil prices have risen significantly since the deal was struck.

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