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CNOOC Parent May Bid for Iraqi Oilfields, Fu Says

Bloomberg -- China National Offshore Oil Corp., the nation’s third-biggest oil explorer, may continue to bid for oilfields in Iraq after the Gulf country awarded a contract to its bigger rival, China National Petroleum Corp.

“We may continue to participate in the second round,” China National Offshore President Fu Chengyu said today in Beijing. Iraq plans to award contracts for oil and gas field exploration and development in a second licensing round to be held before the end of the year, Abdul Mahdy al-Ameedi, deputy director general of the Petroleum Contracts Licensing Dept., said July 2.

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Submitted Jul 04, 2009 By: ziyulu

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jeepster4 Champion Author Kansas City Posts:2,571 Points:441,535 Joined:Apr 2008	Message Posted: Jul 5, 2009 12:57:42 AM Ignore jeepster4 Report Abuse Does any one else find it strange that the Chinese are teaching us about capitalism. We should make business deals, not war.
FlyNFool Champion Author South Carolina Posts:2,060 Points:423,470 Joined:Aug 2008	Message Posted: Jul 5, 2009 12:51:25 AM Ignore FlyNFool Report Abuse The Chinese are going for all the natural resources that they can get their hands on.
FuelBarge Champion Author Long Island Posts:2,625 Points:798,215 Joined:Aug 2005	Message Posted: Jul 4, 2009 10:16:22 PM Ignore FuelBarge Report Abuse I think they did bid and sign a contract if today's other story is correct.
DarthDadJr Champion Author Virginia Posts:1,936 Points:393,455 Joined:Jul 2008	Message Posted: Jul 4, 2009 7:04:03 PM Ignore DarthDadJr Report Abuse Chinese are smart -- get access to oil while prices are low.
RAC110 Champion Author Massachusetts Posts:1,408 Points:990,020 Joined:Mar 2003	Message Posted: Jul 4, 2009 7:02:10 PM Ignore RAC110 Report Abuse all of our people that have died helping them and this is the way they repay us
heysailor Champion Author Pittsburgh Posts:3,149 Points:1,056,875 Joined:Mar 2006	Message Posted: Jul 4, 2009 7:01:07 PM Ignore heysailor Report Abuse The Iraqis certainly know how to express their gratitude.
ByGuy Champion Author Dallas Posts:1,834 Points:505,295 Joined:Nov 2005	Message Posted: Jul 4, 2009 6:57:54 PM Ignore ByGuy Report Abuse US should come first or we drill for our own oil right here in the USA.
eddmac Champion Author Washington Posts:3,106 Points:720,190 Joined:May 2006	Message Posted: Jul 4, 2009 6:55:47 PM Ignore eddmac Report Abuse We lose no matter what the out come.
kookiwoogi Champion Author Indiana Posts:2,989 Points:1,563,490 Joined:May 2004	Message Posted: Jul 4, 2009 6:52:13 PM Ignore kookiwoogi Report Abuse I think they owe America.
sobeton Sophomore Author Miami Posts:153 Points:84,245 Joined:Jun 2009	Message Posted: Jul 4, 2009 6:51:59 PM Ignore sobeton Report Abuse China and middle east countries own what we can not live without. We are in pretty bad shape.
kyrunner Champion Author Lexington Posts:2,248 Points:424,325 Joined:Aug 2008	Message Posted: Jul 4, 2009 6:43:58 PM Ignore kyrunner Report Abuse I guess they want to hedge against all of our debt they are holding.
ccycles All-Star Author Missouri Posts:802 Points:632,995 Joined:Jun 2007	Message Posted: Jul 4, 2009 6:40:19 PM Ignore ccycles Report Abuse welcome to capitalism people!
mstearno Champion Author Dayton Posts:2,452 Points:509,980 Joined:Jan 2008	Message Posted: Jul 4, 2009 6:39:54 PM Ignore mstearno Report Abuse we should all learn chinese
blazerbob91 Champion Author Milwaukee Posts:2,507 Points:721,785 Joined:Aug 2005	Message Posted: Jul 4, 2009 6:37:55 PM Ignore blazerbob91 Report Abuse The US is slowly becoming a second rate nation.
star_deceiver Champion Author British Columbia Posts:2,231 Points:454,540 Joined:Jun 2008	Message Posted: Jul 4, 2009 6:34:22 PM Ignore star_deceiver Report Abuse welcome to capitalism people!
nigelb Champion Author Virginia Posts:1,921 Points:324,310 Joined:Feb 2008	Message Posted: Jul 4, 2009 6:29:44 PM Ignore nigelb Report Abuse CruisinLinda - I could not agree more! Dubya and the Prince of Darkness managed to destroy America between them.
hwnguy Champion Author Honolulu Posts:1,850 Points:408,205 Joined:Apr 2008	Message Posted: Jul 4, 2009 6:19:14 PM Ignore hwnguy Report Abuse don't be surprised if the US becomes a 3rd tier country in 50 years
beachbumCA Champion Author Riverside Posts:2,479 Points:473,805 Joined:May 2008	Message Posted: Jul 4, 2009 6:17:41 PM Ignore beachbumCA Report Abuse As China gets hold of more of the world production we are in a race to become a third world country.
CruisinLinda Champion Author Tallahassee Posts:4,920 Points:999,535 Joined:Sep 2005	Message Posted: Jul 4, 2009 6:16:11 PM Ignore CruisinLinda Report Abuse The only pragmatic reason for invading Iraq was to take its copious supply of sweet crude. But Bush and Cheney didn't succeed because the world was watching and insurgents were blowing up the pipelines. So we spent $1 trillion to $2 trillion, destroyed so many lives and caused so many physical and emotional disabilites of Americans and even more Iraqis. We also destroyed our military readiness by committing so many troops and National Guard and wearing out vehicles and equipment. For what?
xybiz All-Star Author Illinois Posts:724 Points:1,005,875 Joined:Aug 2005	Message Posted: Jul 4, 2009 6:11:15 PM Ignore xybiz Report Abuse Win the bidding war!!!
FordF2502001 Champion Author Mississippi Posts:1,558 Points:370,920 Joined:Sep 2008	Message Posted: Jul 4, 2009 6:06:33 PM Ignore FordF2502001 Report Abuse America needs to wake up on this Independence Day and get back to making this country strong before there is none left.
TopGunn Champion Author Baltimore Posts:2,738 Points:1,342,560 Joined:Aug 2004	Message Posted: Jul 4, 2009 5:13:29 PM Ignore TopGunn Report Abuse Our corporate greed is fast leading us to extinction.
Ken2OD Champion Author Grand Rapids Posts:2,620 Points:700,235 Joined:Dec 2005	Message Posted: Jul 4, 2009 4:45:22 PM Ignore Ken2OD Report Abuse China will rule the world without a single shot being fired. The USA will scrub for grubs just to eat. Isn't world peace nice?
DellMan Champion Author Omaha Posts:1,213 Points:303,370 Joined:Apr 2008	Message Posted: Jul 4, 2009 4:41:59 PM Ignore DellMan Report Abuse If we had a president with some back bone he would have told Iraq they had to cut a deal with US Oil companies. The more we let China get a foot hold into Iraq the worse off we will be. The war wasn't started for oil; however, we sure should be looking for payback after all the lives we lost in their defense.
hangupanddrive Champion Author Michigan Posts:1,323 Points:1,044,830 Joined:Aug 2005	Message Posted: Jul 4, 2009 4:37:42 PM Ignore hangupanddrive Report Abuse Obama just keeps on selling us off to China.
zeddieiv Champion Author Columbia Posts:2,466 Points:815,985 Joined:Oct 2006	Message Posted: Jul 4, 2009 4:31:10 PM Ignore zeddieiv Report Abuse Isn't that something?
blink25 All-Star Author Missouri Posts:768 Points:200,490 Joined:Nov 2008	Message Posted: Jul 4, 2009 4:30:36 PM Ignore blink25 Report Abuse who cares
jppezz Champion Author New Mexico Posts:2,107 Points:414,400 Joined:Jun 2008	Message Posted: Jul 4, 2009 4:27:22 PM Ignore jppezz Report Abuse we do all the work and they get all the benefits thank you again mr. Hugo Jr.
ReberGas Champion Author Milwaukee Posts:1,336 Points:129,320 Joined:Nov 2008	Message Posted: Jul 4, 2009 4:26:35 PM Ignore ReberGas Report Abuse China finances America -- China buys the world.
netman044 Champion Author Texas Posts:2,286 Points:373,955 Joined:Sep 2005	Message Posted: Jul 4, 2009 4:26:04 PM Ignore netman044 Report Abuse If China gets oil from Iraq, they won't have to buy refined product from us.
Weirdomania1 Champion Author Orange County Posts:2,162 Points:393,115 Joined:Jan 2008	Message Posted: Jul 4, 2009 4:19:17 PM Ignore Weirdomania1 Report Abuse yeah thanks corporate america!! thanks for lobbying for tax breaks for sending jobs and business to China. Thanks for pumping in billions and billions of dollars overseas, now they have the clout!!
georgeo All-Star Author California Posts:917 Points:33,330 Joined:May 2009	Message Posted: Jul 4, 2009 4:10:13 PM Ignore georgeo Report Abuse The Chinese always seem to be grabbing up things that we fought for.
TerryLee Champion Author Ohio Posts:10,061 Points:1,869,960 Joined:Mar 2004	Message Posted: Jul 4, 2009 4:10:06 PM Ignore TerryLee Report Abuse I wounde if we're get some of our tax dollars back when this happens?
Tucker1961 Sophomore Author Seattle Posts:202 Points:21,125 Joined:Jun 2009	Message Posted: Jul 4, 2009 3:58:26 PM Ignore Tucker1961 Report Abuse Good, the chinese can have Iraq
hibsaw Champion Author Mississippi Posts:1,686 Points:432,070 Joined:Feb 2008	Message Posted: Jul 4, 2009 3:29:36 PM Ignore hibsaw Report Abuse Guess Iraq will not be doing us any favors.
ssect8 Champion Author Hartford Posts:1,577 Points:963,155 Joined:Jun 2006	Message Posted: Jul 4, 2009 3:23:06 PM Ignore ssect8 Report Abuse We need to start drilling in the USA
hoosierdaddyno1 All-Star Author Indiana Posts:772 Points:235,445 Joined:Oct 2008	Message Posted: Jul 4, 2009 3:23:01 PM Ignore hoosierdaddyno1 Report Abuse Thousands and thousands of Chinese giving their lives for this oil oppertunity! Wait ,what it wasn't China it was U.S.A.,those Americans are such good people to the world. TOO BAD THEY HATE US!
Minster Champion Author Wichita Posts:1,727 Points:571,430 Joined:Oct 2007	Message Posted: Jul 4, 2009 3:06:02 PM Ignore Minster Report Abuse Maybe that we should be drilling off shore in the east. too. sounds like a good idea. then we could tell opec where to go.!
Speedy1W1 All-Star Author Madison Posts:578 Points:149,990 Joined:Mar 2009	Message Posted: Jul 4, 2009 3:00:39 PM Ignore Speedy1W1 Report Abuse So this is what the war was all about. We should have left Iraq a long time ago.
REKEY Champion Author South Carolina Posts:2,183 Points:446,540 Joined:May 2008	Message Posted: Jul 4, 2009 2:55:07 PM Ignore REKEY Report Abuse We spend billions there, trying to put their country back together and this is how we get treated. Maybe should should practice isolationism again. Let the world sort out it's own problems.
ItisAJeepThing Champion Author Tucson Posts:10,064 Points:1,025,585 Joined:Oct 2006	Message Posted: Jul 4, 2009 2:55:06 PM Ignore ItisAJeepThing Report Abuse Is this what we have been fighting and dying for?
UncleCurt Champion Author Winnipeg Posts:2,030 Points:260,175 Joined:Feb 2009	Message Posted: Jul 4, 2009 2:45:01 PM Ignore UncleCurt Report Abuse roadkillGA, Don't forget China was also made a economic power by lending to America. [Edited by: UncleCurt at 7/4/2009 2:45:20 PM EST]
eagleeye2008 Champion Author Wisconsin Posts:2,447 Points:460,440 Joined:Jul 2008	Message Posted: Jul 4, 2009 2:43:26 PM Ignore eagleeye2008 Report Abuse WE MUST "GET WITH IT"------"DRILL HERE" !!!!
micpie Veteran Author Oregon Posts:465 Points:116,965 Joined:Jun 2009	Message Posted: Jul 4, 2009 2:41:12 PM Ignore micpie Report Abuse We need to drill here in the US, so we don't have to worry about overseas.
srchr Champion Author San Jose Posts:1,130 Points:417,510 Joined:Apr 2008	Message Posted: Jul 4, 2009 2:37:05 PM Ignore srchr Report Abuse they don't have to pay attention to environmental concerns
roadkillGA Champion Author Georgia Posts:3,265 Points:462,050 Joined:Jun 2008	Message Posted: Jul 4, 2009 2:37:02 PM Ignore roadkillGA Report Abuse We made China an economic power by importing and not producing.
skippypa Champion Author Hawaii Posts:1,996 Points:463,340 Joined:Jun 2008	Message Posted: Jul 4, 2009 2:34:28 PM Ignore skippypa Report Abuse China is slowly becoming the economic world power.
Retowered Champion Author Colorado Posts:2,761 Points:1,429,140 Joined:May 2004	Message Posted: Jul 4, 2009 2:33:08 PM Ignore Retowered Report Abuse Why not? China have all our money.
MustangKen Champion Author Denver Posts:3,674 Points:612,700 Joined:Apr 2007	Message Posted: Jul 4, 2009 2:24:18 PM Ignore MustangKen Report Abuse Iraq doesn't value anything but their own interests and could not care less that our lives "bought" them their freedom.
REVLAW Champion Author San Antonio Posts:3,872 Points:734,890 Joined:Jul 2007	Message Posted: Jul 4, 2009 2:18:09 PM Ignore REVLAW Report Abuse And Exxon lost the bid because their 4.9% return on investment was too high ... Iraq only wanted to pay 2%. Guess that tells us something about gratitude and the value of American lives. [Edited by: REVLAW at 7/4/2009 2:18:58 PM EST]