OTCPK:WSRLF - Post by User
Post by
vindaloo_u2on Nov 13, 2011 11:52am
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Post# 19233392
Landlocked?
Landlocked?Think again....i guess forcing the hand of the oppressor and giving up peanuts also has it's drawbacks for some....we should all shed a tear for Hayward & Sepil! ..https://uk.reuters.com/article/2011/11/13/genel-dno-idUKL5E7MD0JT20111113"The Exxon story was probably great news for everybody but not for us," Sepil said. "I really wished they had come six months later."Hayward said Genel Energy is planning to build a $400 million oil pipeline to link its Tak Tak oilfield with Iraq's export pipeline to Turkey's Mediterranean port of Ceyhan.The company hopes to start construction on the 400,000-barrel-per-day pipeline in the spring and finish by the second half of 2013, Hayward said."We are planning to build a pipeline from Tak Tak to Faysh Khabour, which is the upstation in the northern part of Kurdistan immediately this side of the border with Turkey, and it's tying in to the major export line with Ceyhan," Hayward said in Arbil.Faysh Khabour is located in northwestern Iraq near the border with Syria and Turkey."We've completed the engineering on it and are currently in the market to identify an EPC (engineering, procurement and construction) contractor," Hayward said.