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** FILE ** The al-Waha Oil Co. in southern Iraq is an affiliate of China’s state-owned China National Petroleum Corp. Most of Iraq’s oil production is expected to be funneled to China and other expanding Asian markets rather than the U.S. and Europe. (Associated Press)

** FILE ** The al-Waha Oil Co. in southern Iraq is an affiliate of China’s state-owned China National Petroleum Corp. Most of Iraq’s oil production is expected to be funneled to China and other expanding Asian markets rather than the U.S. and Europe. (Associated Press)

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