China Is Reaping Biggest Benefits of Iraq Oil Boom

BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.“The Chinese are the biggest beneficiary of this post-Saddam oil boom in Iraq,” China Is Reaping Biggest Benefits of Iraq Oil Boom - NYTimes.com