Al Jazeera English - Business - China agrees $3bn Iraq oil deal
Actually China is going to be taking some of the oil from Iraq. And the American oil companies are going to get their share too.
Texas Co. Signs Iraq Oil Deal With Kurds , With No National Iraq Oil Law Passed, Kurdistan Region Makes Its Own Rules - CBS News
Pentagon Hands Iraq Oil Deal to Shell | War on Iraq | AlterNet
I think one of the unmentioned goals of the Iraq war was to denationalize Iraqi oil. And to keep them selling the oil in dollars instead of in euros.