http://www.ft.com/intl/cms/s/0/8d15816c-4929-11e2-9225-00144feab49a.html?ftcamp=published_links%2Frss%2Fglobal-economy%2Ffeed%2F%2Fproduct#axzz2HJQEk9c4

Chinese buyout firms such as Sinopec and China Pet. are interested in locking up oil supplies for fuel stock for their refineries. They would gladly take a minority interest in a foreign oil assets and pay premium prices.

http://oilprice.com/Geopolitics/Middle-East/Chinese-Oil-Companies-Apparent-Victors-in-Post-Saddam-Iraq.html

Btw, Atrush-1 will be hooked up to a pipeline in 2013.