China and Iraq Oil

Royal Dutch Shell Plc RDSA.L has teamed up with Chinese state oil firms to jointly bid for oil projects in Iraq, and is eyeing the expansion of downstream businesses in China.By joining Shell, China would make its second major foray into Iraq after state oil group CNPC's $3 billion project to develop the al-Ahdab field, Iraq's first major oil deal with a foreign firm since the fall of Saddam Hussein. Points to the ever growing pieces of pie that Iraq's oil is becoming a marketable commodity on the worlds stage.

http://www.reuters.com/article/rbssEnergyNews/idUSPEK8995120090414