Lundin Oil (LOILY, LOILB Sweden) Message Board

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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: balisurf who wrote (326)	10/3/1997 12:59:00 PM
From: Tomas	of 2742

Iraq holds the world's second largest oil reserves after Saudi Arabia. "No serious oil company can afford to ignore Iraq", Adolf Lundin said some time ago. Iraq has 10 oil developments up for grabs, with discussions also underway with companies from, among others, Canada. Rumour has it that IPC has been involved in discussions (this and last year) related to a big Czech-Iraqi weapon deal ("oil for arms") several years ago. The Czechs were offered an oil concession instead of money. Perhaps IPC is ready for an Iraqi adventure as soon as the U.N. sanctions are lifted? I Wish I knew more, have anyone else heard this rumour?

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