Saturday, February 24, 2007

Iraqi Sunni Lands Show New Oil and Gas Promise

I had read this a week or so ago and couldn't remember where. Well I found it and have posted it FYI....

KARABILA, Iraq In a remote patch of the Anbar desert just 20 miles from the Syrian border, a single blue pillar of flanges and valves sits atop an enormous deposit of oil and natural gas that would be routine in this petroleum-rich country except for one fact: this is Sunni territory.

Huge petroleum deposits have long been known in Iraq’s Kurdish north and Shiite south. But now, Iraq has substantially increased its estimates of the amount of oil and natural gas in deposits on Sunni lands after quietly paying foreign oil companies tens of millions of dollars over the past two years to re-examine old seismic data across the country and retrain Iraqi petroleum engineers.

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