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Heritage deal in Iraq possible watershed
- Text size
UPI
July 11, 2009
BAGHDAD — The pending merger of Heritage Oil and Turkey’s Genel Energy for oil developments in Iraqi Kurdistan may be a watershed for the region.
- A d v e r t i s e m e n t
Despite lingering disputes over the laws governing the Iraqi energy sector, exports from the Kurdish Taq Taq and Tawke oil fields began June 1 with revenue deposited into federal accounts. The Kurdish developments are complicated, however, by a lack of payment agreements for the field operators.
The Tawke Field began exports at an initial rate of around 60,000 barrels per day, while the Taq Taq field north of Kirkuk trucks oil at the rate of 40,000 barrels per day to Turkish ports.
Paul Atherton, the top financial official at Heritage, said the merger with Genel will create a “new regional giant” in Iraqi Kurdistan, which is peppered with smaller developers.
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June 11th, 2009 at 10:28 pm
THE OIL FIELD IN ALASKA IS THE REAL ISSUE. ASK LINDSEY WILLIAMS ! DO A GOOGLE SEARCH ON HIM.
June 12th, 2009 at 9:29 pm
Why do I not see American oil companies in the news when it comes to Iraq oil. I thought the war was one for oil? I guess it might be a war for oil, but even though American’s spend countless amounts of dollars they don’t have, where’s the freaking reward for us? Hell, I thought 1.29 dollars a gallon was quite reasonable before Bush-lite and his Republican/Democrat cronies began spending billions and sending out people off to die. Really, wouldn’t it have been cheaper and all around friendlier to just pay for the freakin’ oil in the first place? I know, I ask too much, for things like sanity and reason.
June 13th, 2009 at 12:31 am
guessing the money is not going to the people of Kurdistan. even though its their oil.
Fight on PKK!
RightofRush Reply:
June 17th, 2009 at 11:12 pm
The Kurds are the largest ethnic population without a country of their own, courtesy of the UK, the same ones that were the first to put non-combatants in concentration camps.
June 14th, 2009 at 7:33 pm
I happen to agree with “Budda Johnson”. There are Production Service Agreements (PSA’s) that were made between Western oil companies such as Shell, ExxonMobil, Chervon, and British Petroleum (BP). While Halliburton (KBR) facilitates the oil pipelines and military services for the troops throughout Iraq. OIL is the true reason why our soilders are sent back on repeatedly on 15 month combat tours and DIE!!!!
June 15th, 2009 at 12:17 pm
Iraq war inquiry to be in private
=====================
Gordon Brown outlined the reasons for hearing evidence in private
An independent inquiry into the Iraq war will be held in private, Prime Minister Gordon Brown has told MPs.
http://news.bbc.co.uk/1/hi/uk_politics/8100432.stm
What a surprise…!?
June 16th, 2009 at 5:41 pm
@ PrivateSi
See this too:
###The International Court of Justice must investigate the Iraq war. The evidence is that war crimes have been committed.###
http://www.redress.cc/global/cking20090617
June 17th, 2009 at 10:39 am
what about obamama? he is continuing the illegal war and is not going after the bushies
June 21st, 2009 at 8:12 am
resisted saddam regime,
resisting N.W.O
middle finger to those who don’t join
what hurts me can hurt them too!