Saturday, 16 May 2009

New cock in the neighborhood

A new cock just started to crow in Iraq's western desert, where Anbar province stretches, to get his share from the Iraqi hydrocarbon resources. He is Sheik Ahmed Abu Risha, the head of the influential Awakening Council in Iraq which hold remarkable seats in the newly-founded Anbar Provincial Council.

It sounds that during a visit to the United Arab Emirates, the Sharjah-based Crescent Petroleum whispered to Abdu Risha about how promising the Akkaz gas field is, unleashing his imagination on how much money this field on the border with Syria can bring to his pocket.

He now alleges that he has a "written approval" from Iraqi Prime Minister, Nouri al-Maliki, to start negotiations with the Crescent Petroleum to develop the field, but Iraqi Oil Minister, Hussain al-Shahristani, opposes it.The same allegations the Kurds say to justify their deals but have not presented this "written approval" yet.

In an interview with the Dubai-based al-Arabia satellite channel on Friday, Abu Risha added that the company is ready to enter to Anbar province, pump millions of dollars to develop the field, build a 3,600-megawatt electricity power plant and create 100,000 Job opportunities.

He also alleges that the constitution gives his Provincial Council the right to do so and gives him the right also to reject all the Oil Minister's decisions.

How smart move from the Crescent Petroleum in a bid to copy the same deal it secured with the Kurds and how clever our sheik is who doesn't know that Akkaz field is offered in the first bidding round that is planned to be finalized next month.He also doesn't know what the law says about his Provincial Council's authorizations.

This is only one of cocks I talked about in my 14 May post....what you think?