Sunday, 20 September 2009

Sorry for misunderstanding you

The Minister of Natural Resources in Iraq's self-ruled Kurdistan Regional Government, Ashti A. Hawrami, was not working for his pocket sake when acted as a secret middleman in a transaction of 43 million DNO International shares last year.But instead his intention was to be "supportive" as much as he can to the western oil companies working in the KRG.

That's the core of the Sept. 19th statementt made by KRG which written by Hawrami's senior adviser, Dr. Khaled Salih, to face the scandal that had come to surface a day before with publishing the results of a probe done by Oslo Stock Exchange which found that the deal was arranged the between Hawrami and DNO Chief Executive Officer Helge Eide.

Salih said facilitating the treasury shares transaction was a "sole intention of helping DNO to raise the capital required for its projects" in KRG. WOW!, IT SOUNDS THAT DNO KNOWS ONLY KRG AND ITS HAWRAMI IN THIS WORLD TO OFFER SUCH A HELP.

He added: "We wish to make it absolutely clear that neither the KRG nor any of its ministries, officials, employees or advisers has benefited directly or indirectly, through DNO or Genel Enerji, from the transaction or subsequent resale of the shares referred to by OSE." O REALLY!, GOOD TO TELL ME THAT...SORRY FOR MISUNDERSTANDING YOU.

I would like to ask Dr. Salih this question: does the the Iraqi law permit Hawrami to offer such a help? Only one law permits your master to do so; it is your law according to which you granted more than two dozens of production sharing contracts on no-bid basis to these companies.

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