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Saturday, December 24, 2011

''As Iraq smolders, Kurds sit on oil riches''

read more from upi......

"As Iraq looks like collapsing into another sectarian free-for-all, with energy resources a key prize, the semi-autonomous Kurdish region is like an island of stability and security.

In large part, that's because it's sitting on its own energy treasure house, an estimated 60 trillion cubic feet of natural gas, more than Libya's entire reserves, and 45 billion barrels of oil, roughly the amount Britain has produced from its North Sea fields."


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