Political boffin, keen fisherman looking forward to retirement.

Thursday, April 12, 2007

The First of Many?

Shell are the first multi national company to gain access to Iraq's wealth of oil and gas reserves. The Times reports that Shell has struck a deal with the Turkish state owned oil and gas company to access reserves in Kirkuk, Kurdistan.

Iraq has the second largest oil reserves in the world, and with the Iraqi government having passed their petroleum law it is expected that a number of similar projects will be announced in the next few months.

I wonder where the next war for oil will be waged?

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