Monday, 02 July 2007

Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths, Carnage in Iraq

(Bloomberg) -- A few miles outside the village of
Tawke in northeastern Iraq, black smoke billows over the green
hills as a 100-foot fire rages unchecked.

Najman Yousef, a former Kurdish guerrilla, inspects the
scene. This blaze, unlike the attacks roiling the rest of Iraq,
is a positive sign: It's burning the excess oil gushing from one
of the first wells drilled since the fall of Iraqi dictator
Saddam Hussein four years ago.


Read more at Bloomberg Exclusive News

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