By John Lee.
Iraq has reportedly "put on hold" it oil contract with China's Zhenhua Oil.
The multi-billion-dollar agreement would have seen Zhenhua pre-pay Iraq's State Oil Marketing Organization (SOMO) for a regular supply of crude oil.
Oil prices have risen significantly since the deal was struck.
(Source: S&P Global)The post Iraq "Pauses Oil Pre-Payment deal with China" first appeared on Iraq Business News.