As Easy As It Gets

With the historic Arab League conference in Baghdad postponed for a second time, one might be forgiven for thinking that things were looking rather gloomy in Iraq.

But the delays have more to do with turmoil outside Iraq, and while there are major challenges within the country, the recent news of oil finds and increased estimates of oil reserves tells a far more positive story.

Speaking about his company’s oil discovery last week, ShaMaran Petroleum‘s Chairman, Keith Hill said:

Kurdistan is a place that’s never been explored … it’s like walking into Alberta 100 years ago. You actually have giant anticlines on the surface seeping oil; it’s kind of like the Beverly Hillbillies, you go out there and there’s oil seeping out of the ground. From a geologic standpoint it’s about as easy as it gets.

It would be hard to find a clearer endorsement than that.

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One Response to As Easy As It Gets

  1. JWing April 21, 2011 at 7:27 am #

    I find this a really odd story on 2 counts. 1) The major reason why the Arab Summit was delayed was because of Iraqi politicians’ comments about Bahrain, which angered the GCC. 2) It cites finding oil in Kurdistan as a sign that things are doing better in Iraq, ignoring the fact that the dispute between Baghdad and the KRG probably means nothing can be done with that oil for he next 10 years or more probably.