Home \|\| About KDR \|\| Weekly Feature Archive
Canada Digs Iraq's Oil Anthony Fenton VIA theFilter.ca \|\| June 02, 2006 Calgary-based Western Oil Sands is the latest Canadian company to announce that it is undertaking major operations to explore oil in the Kurdistan region of war-torn Iraq After signing an initial memorandum of understanding with Iraqi officials in 2004, Western Oil Sands, who are better known for their partnership in the controversial and environmentally destructive Athabasca Oil Sands Project, have announced that they will be exploring for oil and gas in Iraq's Kurdistan region. "We believe the size of the prize justifies the effort," said CEO James C. Houck during a teleconference call with the media Wednesday morning. The USD $45 million that Western Oil Sands will invest in the first four years is "modest...in terms of the size of the prize which we've captured." Houck added that all of the necessary security precautions will be taken, and that democracy will one day flourish in Iraq, stating that Western Oil Sands "firmly believes that the current political unrest will be resolved." Article Posted at www.KnowledgeDrivenRevolution.com When the U.S. and it's 'coalition of the willing' invaded Iraq in 2003, it was widely believed that control over and access to Iraq's oil wealth was a key motivating factor in the decision to wage the illegal and almost universally deplored war. Canada was lauded by those opposed for not contributing troops, although a recent article in Maclean's magazine states that, contrary to popular media portrayals, Canada has been "deeply involved" in Iraq militarily and otherwise since the invasion. Western Oil Sands joins Addax Petroleum Corporation, another Canadian-based oil company that has extensive interests in Iraq's Kurdistan region, and enjoys favorable relations with the U.S. backed government. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
In Depth What Is Wrong With Canada Recent 9-11 News Suppressed by the Media Aspartame: The Sweetest Killer The Number 1 Reason YOU became a Slave Knowledge Driven Look at Your Favourite Canadian Political Parties
Archive March April May 2006 30 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 01 02 03 Weekly Features 2006 2005 Read Today's Knowledge Driven News

Home || About KDR || Weekly Feature Archive

Canada Digs Iraq's Oil

Anthony Fenton VIA theFilter.ca || June 02, 2006

Calgary-based Western Oil Sands is the latest Canadian company to announce that it is undertaking major operations to explore oil in the Kurdistan region of war-torn Iraq

After signing an initial memorandum of understanding with Iraqi officials in 2004, Western Oil Sands, who are better known for their partnership in the controversial and environmentally destructive Athabasca Oil Sands Project, have announced that they will be exploring for oil and gas in Iraq's Kurdistan region.

"We believe the size of the prize justifies the effort," said CEO James C. Houck during a teleconference call with the media Wednesday morning. The USD $45 million that Western Oil Sands will invest in the first four years is "modest...in terms of the size of the prize which we've captured." Houck added that all of the necessary security precautions will be taken, and that democracy will one day flourish in Iraq, stating that Western Oil Sands "firmly believes that the current political unrest will be resolved."

Article Posted at www.KnowledgeDrivenRevolution.com

When the U.S. and it's 'coalition of the willing' invaded Iraq in 2003, it was widely believed that control over and access to Iraq's oil wealth was a key motivating factor in the decision to wage the illegal and almost universally deplored war. Canada was lauded by those opposed for not contributing troops, although a recent article in Maclean's magazine states that, contrary to popular media portrayals, Canada has been "deeply involved" in Iraq militarily and otherwise since the invasion.

Western Oil Sands joins Addax Petroleum Corporation, another Canadian-based oil company that has extensive interests in Iraq's Kurdistan region, and enjoys favorable relations with the U.S. backed government.

Maple Leaf Footer
About KDR | | Home | | Weekly Features Archive