Peter Galbraith has had a secret interest in Kurdish oil fields. Now he asks, via the company Porcupine, a milliardsum from DNO.
In recent weeks, the top U.S. diplomat Peter Galbraith (58) been in a public feud with the Norwegian UN envoy to Kabul, Kai Eide, which ended with Galbraith lost his job.
At the same time he is also in dispute with the Norwegian-based oil company DNO International Court of Arbitration in London, writes Dagens Næringsliv Saturday.
Advisor Central
- I can not say this because I do not want to get in legal trouble, "said Galbraith, who ran as Dagens Næringsliv went to see him in Norway, on Thursday.
Documentation Dagens Næringsliv has obtained show that the prominent diplomat for several years has had five per cent stake in the huge oil field Tawke in Kurdistan. With current oil prices may contain a field of oil worth nearly 200 billion NOK (35 billion US$). Galbraith has for years served as central advisor to the Kurdish leaders in Iraq.
Top Diplomat played a key role in shaping Iraq's constitution and helped to secure the Kurdish region a high degree of autonomy. Now it turns out that Galbraith had ownership interests in one of the largest oil fields in Kurdistan.
Requires one billion compensation
When the Kurdish self-rule government last year renegotiated production sharing agreements for Tawke field was, however, Galbraith was kicked out. The same was many billionaire Shaher Abdul-hak. He is the father of Farouk Abdulhak, who is indicted and wanted for murder and rape on the Norwegian student Martine Vik Magnussen in 2008:
Together requires
Galbraith and
Shaher Abdul-hak totaling 3.1 billion of DOM as compensation for losing their shares of ten percent in the Tawke field.
Five per cent stake
29. June 2004 DNO signed the agreement to explore for oil in the Kurdish areas in northern Iraq, the first Western company entered into an agreement with the Kurdish self-rule government. DNO secured the rights to 40 percent of future discovery at Tawke field, while the Kurdish self-government even retained a larger share of the field.
Five percent turned out to harbor at Galbraith.
The day after the DNO signed an agreement on the conclusion in 2004 founded the Peter Galbraith company Porcupine LP in the U.S. state of Delaware. The government operates with a high degree of confidentiality about company information. Dagens Næringsliv have obtained foundation document for the Porcupine signed Peter W. Galbraith, and dated 30 June 2004.
Has provided advice
After Galbraith first ran when he saw the Dagens Næringsliv photographer Thursday, he said later in the day in question from the newspaper.
Galbraith says he has given the Kurds advice for many years, but never had a formal consulting relationship with them.
- I have worked with companies that invest in Iraq and of course the Kurdish authorities have been aware of the relationship to my clients. This is all I want to say, "says Galbraith to Dagens Næringsliv.
- What is your relationship with the company Porcupine?
- I am in the situation that my business relationship is covered by confidentiality statements. I tried to consult me with my lawyers about what I could tell you about that without breaking confidentiality agreements, but I did not get hold of them, "says Galbraith.
More: Økokrim(Eco criminal department of Norway) investigator DNO
Translated article from
Dagens Næringsliv 1.