Jack Serle

Posts Tagged ‘Finance’

Talk of the town

In Kurdistan on November 18, 2011 at 3:23 PM

The news broke last weekend in the Financial Times: Exxon Mobil Corp., the Texan based oil company, is coming to Kurdistan. Exxon Mobil is the biggest of the so-called supermajors. It is the biggest oil company in the world by market share and one of the biggest companies in the US.

This monster of the corporate world is being lured north to the Kurdish region by the staggeringly vast quantities of oil and gas up here. The US Geological Society in September estimated there to be somewhere in the region of 45bn barrels of oil here. That is about the same as there is in Libya.

The oil companies based up in Kurdistan Region like Hunt and Marathon are minnows by comparison to Exxon Mobil. This an entity on a scale the Kurdistan Regional Government (KRG) has dreamt of signing up to drill in its semi-autonomous region.

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Joining the millionaire’s club

In Kurdistan on November 7, 2011 at 12:00 PM

Last week I became a millionaire. Not undeserved I think you will agree, excellence deserves reward.

It was a happy moment when my wealth was passed to me by my employer’s finance director. It was a big wedge of Iraqi dinars and, having checked with the current exchange rates and prices, ID1m is enough to buy half a piece of tuna nigri in London.

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