OTCPK:WSRLF - Post by User
Comment by
canadafoxon Apr 20, 2012 2:12pm
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Post# 19817654
RE: RE: EXXON
RE: RE: EXXON canne; Wired's point is a good one but most Western observers realised at utterance that this only served again to underline Shahristani's vanished credibility. This was demonstrated yet again during the past week when at a London conference he mentioned a 'slight modification' to his oft-trumpeted near-term target of 12 MM bbls/day for Iraqi oil production. Iraq is actually at less than 2.5 MM bbls/day currently and the Western majors who have been largely responsible for even this very modest level are continually harassed and have not been properly recompensed. They are 'not happy'. There is no chance that even 50% of Shahristani's target is achievable and only he seems unable to comprehend why. The list for the ICG 4th Licensing Round ( gas ) is noticeable for the absence of most of the Western majors. From memory; only Shell and Statoil ( who recently bailed from WQ ) have are upon it. Iraq is a debtor nation and has only one revenue source; oil & gas, and at some point economic laws will prevail as the population realises that Shahristani is THE PROBLEM and stands in the way of their economic elevation.