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on cam soda. My name is Ryan Keely reporting here from Soda News Network. As
China grows its economic footprint, Western oil firms are reducing theirs.
Many have expressed discontent with Iraq's risky investment environment and
unfavorable contract terms. US oil giant Exxon Mobil's exit from West Karnawan
field last year came despite Iraq's pleas to stay. Chinese companies
dominate oil contracts from operating fields to providing downstream services
and they continue to win more. Recently Iraq finalized terms with the Chinese
Sinopec to develop Mansouria gas fields which could produce 300 million
standard cubic feet per day if approved by Iraq's next government. Investing in
Iraq is a risk that China is willing to take. With lower profit margins
Chinese firms will always offer more attractive lower price contracts
industry officials and Iraqi officials say. Thursday is Chinese Corner at the
Language Department. Chinese businesses from oil to wallpapering come and meet
the students under the pretext of practicing language skills. Most will
end up with promises for future employment. "We speak in Chinese and talk
about business and the future," said one student.
"It's the opposite in every other department in the university. Supply is
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