Wednesday, 13 May 2009

I can't wait until June 1

The long time Hussain al-Shahristani and Ashti Hawrami keep mum on the details of their controversial and obscure agreement, the more questions and analysis we will see everyday trying to find out who imposed his conditions and then won the war.

Today, Daniel Canty wrote for the arabianoilandgas.com in which he echoed what Baghdad's Kassakhoon and others raised recently about exporting oil produced in the Kurdish region , but he went further to put an end to all our questions by describing the latest development "as elusive as ever."

As far as the IHS Global Insight Middle East energy analyst, Samuel Ciszuk, understands by analyzing the deal and al-Shahristani's afterward comments, the oil companies would not be reimbursed for their investment and the Kurds would have to manage the full production cost, cost recovery, and profit margin out of their own 17% share of the government revenues.

Also Wednesday, the President of the Kurdistan Regional Government, Masoud Barzani, pretended in an interview with Reuters that he knew nothing if there was a special arrangement with central government on how to pay DNO and Addax.

But he didn't miss the occasion to slap al-Shahristani. "I don't think he personally understands himself or what he does, but it isn't important for us what he says," Barzani said of Shahristani.

I can't wait until June 1 to find out.

kassakhoon@gmail.com


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