The Faraj List of Exploding Stocks Part 3.04 (FAR3)
Sweet Cherry Pie - Tue, 28 Dec 04 :
Mr Horgan says many of the company's key contacts in the oil ministry are now back at their desks.
"Mazen al Jumiraah, the man now in charge, I knew when he was the director-general in the technical department," he says. "He's an oily, not a party official."
The two fields near Basra - Subba and Luhais - were producing 180,000 barrels a day before 1981. To return them to full production will cost $350m (£218m) and take three years.
Mr Horgan says: "We deliberately picked two fairly smallish fields. We didn't want to provoke the super-majors. I think there's going to be plenty of room for everyone in Iraq. Opening a market like this only happens once in a lifetime."
