The IRaqi delegation consisted of the Iraqi Prime Minister, The MInister of defence and the Oil Minister.
Iraq and china have established a joint marketing company for Iraqi crude oil. It will be based out of China and Singapore
Iraq and China also signed a wide ranging defence and security agreement... of which the details are not clear.
Iraqi Minister of Defence and his Chinese Counterpart today.
potentially it could mean that the Iraqi Oil can be purchased by Chinese refiners without having to pay in USD.
And I am guessing that Iraqis will get Yuan denominated goods, services and Chinese investments in return.
Uncle Sam won't be happy.