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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:4,274 Points:701,715 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:3,386 Points:685,645 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:3,964 Points:1,061,365 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:3,177 Points:609,315 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:2,242 Points:1,143,935 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:4,475 Points:1,320,445 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:3,062 Points:753,005 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:4,335 Points:959,805 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:3,379 Points:1,805,140 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:164 Points:117,425 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:3,737 Points:688,060 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:807 Points:637,570 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:3,476 Points:761,860 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:2,524 Points:931,000 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:2,977 Points:676,445 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:3,295 Points:501,900 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:2,875 Points:616,685 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:3,869 Points:729,870 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:6,282 Points:1,260,845 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 Champion Author Illinois Posts:1,048 Points:1,225,065 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:2,877 Points:629,590 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:4,059 Points:1,604,060 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:3,907 Points:961,860 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:1,917 Points:442,925 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:1,816 Points:1,154,530 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:3,455 Points:1,033,535 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:783 Points:208,040 Joined:Nov 2008	Message Posted: Jul 4, 2009 4:30:36 PM Ignore blink25 Report Abuse who cares
jppezz Champion Author New Mexico Posts:3,443 Points:677,530 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:1,816 Points:167,445 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:3,786 Points:636,110 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:2,747 Points:506,895 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 Champion Author California Posts:2,314 Points:93,235 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:11,202 Points:2,107,290 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:2,935 Points:681,375 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:2,902 Points:1,187,175 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:937 Points:443,965 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:2,236 Points:756,915 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:150,740 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:3,457 Points:693,650 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:10,762 Points:1,158,180 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:3,427 Points:519,900 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:3,821 Points:724,665 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:2,296 Points:656,265 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:3,382 Points:485,950 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:3,329 Points:726,490 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:4,095 Points:1,693,010 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:3,765 Points:631,950 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:5,236 Points:996,415 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]