oil contracts

Iraq expects to gross $55 bln in China oil deal

BAGHDAD, Sept 3 (Reuters) - Iraq expects to gross $55 billion in a new 20-year oil deal it recently renegotiated with China, the government said on Wednesday.
"Iraqi gross revenues obtained in the contract will be $55 billion, equal to 87 percent of total revenues of $63 billion," government spokesman Ali al-Dabbagh said in a statement.

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