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Now Mr. Galbraith, 58, son of the renowned economist John Kenneth Galbraith, stands to earn perhaps a hundred million or more dollars as a result of his closeness to the Kurds, his relations with a Norwegian oil company and constitutional provisions he helped the Kurds extract.

In the constitutional negotiations, he helped the Kurds ram through provisions that gave their region -- rather than the central Baghdad government -- sole authority over many of their internal affairs, including clauses that he maintains will give the Kurds virtually complete control over all new oil finds on their territory....

So it came as a shock to many last month when a group of Norwegian investigative journalists at the newspaper Dagens Naeringsliv began publishing documents linking Mr. Galbraith to a specific Norwegian oil company with major contracts in Iraq.

Interviews by The New York Times with more than a dozen current and former government and business officials in Norway, France, Iraq, the United States and elsewhere, along with legal records and other documents, reveal in considerable detail that he received rights to an enormous stake in at least one of Kurdistan's oil fields in the spring of 2004.

As it turns out, Mr. Galbraith received the rights after he helped negotiate a potentially lucrative contract that allowed the Norwegian oil company DNO to drill for oil in the promising Dohuk region of Kurdistan, the interviews and documents show. He says his actions were proper because he was at the time a private citizen deeply involved in Kurdish causes, both in business and policy....

DNO's chief executive, Helge Eide, confirmed that Mr. Galbraith helped negotiate the Tawke deal and advised the company during 2005. But Mr. Eide said that Mr. Galbraith acted solely as a political adviser and that the company never discussed the Constitution negotiations with him. "We certainly never did give any input, language or suggestions on the Constitution," Mr. Eide said.



Diversity is the key to economic and political evolution.
by Cat on Thu Nov 12th, 2009 at 01:21:20 PM EST
here the amount of $100M does not seem very realistic to me.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Nov 12th, 2009 at 01:39:28 PM EST
[ Parent ]
Krugman-Enron again?

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
by Drew J Jones (myfriends@thisispancakes.com) on Thu Nov 12th, 2009 at 02:02:39 PM EST
[ Parent ]
Aha! I see.

It is not so much the amount of money but of the privilege that offends me. Somewhat. One at least is earned, the other not so much.

Diversity is the key to economic and political evolution.

by Cat on Thu Nov 12th, 2009 at 07:27:24 PM EST
[ Parent ]

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