Article: “Iraq, China launch ‘oil for reconstruction’ agreement” Quote: “When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an “oil for reconstruction” and investment program. Under the arrangement, Chinese firms work in Iraq in exchange for 100,000 barrels per day.” Certainly is a different means of monetizing oil or bartering oil for desperately needed services that Iraq cannot arguably otherwise afford. The foregoing would appear to contradict the following post from Kaperoni. 10-8-2019 Kaperoni Oil credits and reduced prices for oil is all… nonsense…Iraq could never sell oil in exchange at a reduced price…because the budget is 90% dependent on Iraq’s oil exports.
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